The Fed makes multiple revisions to their 2025 economic data projections.
- Cuts 2025 GDP growth projection from 2.1% to 1.7%
- Raises unemployment forecast from 4.3% to 4.4%
- Raises PCE inflation forecast from 2.5% to 2.7%
- Raises Core PCE inflation forecast from 2.5% to 2.8%
Overall the Fed sees higher inflation and a weaker economy.
Could be, but right now it's looking like energy prices might actually be coming down.
Yupp, I've read yesterday that gas prices are at record low in the US. If they keep falling down, that'll pump some air, right?
It'll definitely put downward pressure on other prices.
Yes, logistics will be cheaper. I see eggs prices have also fallen sharply. Is that true?
Yep
Well, they are down to around $3. Just shared the news #918105