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Fed Chair Jerome Powell says he expects the central bank to navigate a path where the US economy expands with inflation rates falling back to the 2% target, though the task will be challenging.
(Bloomberg) -- An increasing number of economists — including the Federal Reserve’s own staff — are predicting the US will escape a recession, though it’ll be well into 2024 before anyone can be sure of it.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowDavid Sol
The former president did not appear in person for a second arraignment in the case after an updated indictment last month, and he indicated last week that he would plead not guilty.
Inflation still has a long way to fall but a 'soft landing' remains possible
The senators have forged a bipartisan alliance to create a new federal agency to police the power of tech giants like Amazon, Apple and Meta.