Fitch: The Federal Reserve will fully support employment and will tolerate higher inflation in the short term.

Fitch's Head of US Economic Research, Olu Sonola, stated: "The Fed is now fully supporting the labor market, clearly signalling that by 2025 it will enter a decisive and aggressive rate-cutting cycle. The message is very clear: growth and employment are the top priorities, even if it means tolerating higher inflation in the short term."