Lates News

Federal Reserve Chairman Moussa Salem: The GDP forecast for this year has been revised down from the pre-war 2% to 2.5% to 1.5% to 2%. Supply shocks pose risks to the Federal Reserve's inflation and employment targets, and the current interest rate range may remain appropriate for some time. Oil shocks may transmit positively to core inflation, and core inflation is expected to approach 3% by the end of the year.