Reported about 5 hours ago
Federal Reserve officials have expressed confidence that inflation will eventually decline to a 2% annual rate, although they acknowledge that this process may take time. In recent speeches, voting and non-voting members noted positive signs from economic data, including a decrease in core inflation, which excludes volatile food and energy prices. They suggest maintaining high interest rates for now to manage inflation and highlighted that current inflation levels are significantly lower than in 2022.
Source: YAHOO