Fed Evans sees interest rate above 4.5% early next year

Chicago Fed President Charles Evans said, “we can bring inflation down relatively quickly while also avoiding a recession.” He pointed to Fed’s projections that unemployment rate will rise form current 3.5% to 4.4% by the end of next year. Core inflation will dropped from August’s 6.2 to 2.8% then. That’s a “pretty good looking soft landing,” […]

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