Federal Reserve Interest Rate Projections

SOURCE www.breitbart.com
Federal Reserve officials are signaling the need for higher interest rates to control inflation, with projections showing fewer rate cuts in the coming years.

Key Points

  • Fed officials expect it will take slightly higher interest rates to bring inflation down to the two percent target
  • Projections show a rise in GDP growth and slight changes in unemployment rate projections

Pros

  • Higher interest rates may help control inflation
  • Projections show increased GDP growth over the next few years

Cons

  • Higher interest rates could potentially slow down economic growth