The president of the Federal Reserve Bank (FED) of New York, John Williams, said Tuesday that US growth indicators are generally in a good place, specifically highlighting that the growth of the gross domestic product (GDP ) of the US should be stable this year and next.
Outstanding aspects
Monetary policy is well positioned to achieve the objectives of the Fed.
Fed has made significant progress in inflation reduction.
The labor market is in good balance, it is not a promoter of inflation.
Inflation will remain around 2.5% this year, 2% in the coming years.
US will grow around 2% this year and next.
Economic perspectives are highly uncertain due to government policy.
The US economy is in a good place.
A modestly restrictive policy should return 2%inflation.
Inflation expectations are well anchored.
Salary gains are consistent with productivity and inflation prospects.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
