Markets Let’s start with the numbers. In its updated quarterly Summary of Economic Projections, the US central bank raised its growth path over the 2025-2027 policy horizon from 1.4%-1.6%-1.8% to 1.6%-1.8%-1.9%. Expectations around the unemployment rate shifted from 4.5%-4.5%-4.4% to 4.5%-4.4%-4.3%. Finally, both headline and core PCE deflators are now projected at 2.6% next year […]
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