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Fed's Milan Raises Year-End Rate Forecast Due to Inflation
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Federal Reserve Governor Milan stated that due to disappointing recent inflation data, he has raised his year-end rate forecast by 0.5 percentage points. Milan voted against the decision to keep rates unchanged on March 18, favoring a 25 basis point rate cut. He reiterated that a one percentage point rate cut this year is still appropriate to bring rates down to a level that does not harm the economy. (sw/t) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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