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The article discusses the Federal Reserve's decision to raise U.S. interest rates for the first time since 2023, amid differing expectations regarding the duration of the monetary tightening cycle. Market forecasts suggest the central bank may implement three additional increases by the end of 2027, while a survey of Federal Reserve officials indicates the possibility of one more hike by the end of 2026, amid ongoing uncertainty about inflation. Chairman Powell faces challenges similar to Greenspan's policies in the 1990s, especially with rising inflation and questions about the impact of artificial intelligence on the economy, which strengthen the credibility and independence of the central bank.
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