• October 15, 2024

Federal Reserve's Daly Emphasizes Restrictive Monetary Policy to Curb Inflation

According to BlockBeats, on October 15, Federal Reserve's Daly stated that the Fed's monetary policy remains restrictive as efforts continue to reduce inflation. Daly emphasized that the progress towards the Fed's goals is uncertain and vigilance is necessary. The Federal Reserve aims to achieve a 2% inflation target while maintaining full employment in the job market.

  • October 15, 2024

New York Fed Reports Inflation Expectations for September

According to Odaily, market sources indicate that the New York Federal Reserve's one-year inflation expectation for September stands at 3%, unchanged from the previous value of 3.00%. Data from the New York Fed reveals that consumers' inflation expectations for the next three years have risen to 2.7%, up from the previous 2.5%. Additionally, consumers' inflation expectations for the next five years have increased to 2.9%, compared to the prior 2.8%.