Fed Raises Rates and Still Sees Three Hikes in 2018

Fed Raises Rates and Still Sees Three Hikes in 2018

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Business

University

Hard

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The transcript discusses the Federal Reserve's economic forecasts, highlighting a GDP growth increase to 2.5% next year, influenced by tax cuts, but predicts a slowdown in subsequent years. Unemployment is expected to fall below 4%, while inflation remains stable. Interest rates are projected to see three hikes next year. The Fed anticipates stronger growth and a robust job market, though inflation is closely monitored. Notably, there were two dissents favoring looser policies, marking a significant event since 2002. Changes in the Fed's board and leadership are expected, with Janet Yellen stepping down.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was significant about the dissents from Evans and Kashkari?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What implications might the potential new board members have on future forecasts?

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