Economy

The Federal Reserve will stay on hold until 2023: CNBC survey

0


Federal Reserve Chair Jerome H. Powell during a speech on March 3, 2020 in Washington, DC.

Mark Makela/Getty Images

In the first CNBC Fed Survey since the Federal Reserve announced its new, more dovish monetary policy strategy, respondents now forecast no rate hikes from the central bank until 2023.

The results are a potential first sign that the Fed’s new strategy of allowing inflation to run above its 2% target for an unspecified time have had an immediate impact on the rate outlook.

The new average forecast, which has the Fed on hold until February 2023, is six months later than the July survey and comes amid more upbeat views on the economic recovery and higher inflation forecasts. Under…



Source cnbc.com

IEA cuts 2020 demand outlook amid rising coronavirus cases

Previous article

Empire State factory index signals improving conditions in September

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Economy