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The Mixed Bag of Economic Indicators
Manage episode 425450306 series 3341576
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Most Federal Reserve officials (14 out of 16) think unemployment will stay low, around 4.1%.
While 2 Fed members think it might even drop a little lower, to 3.8%.
Unemployment is getting worse than expected.
The Fed still wants two things: lots of jobs and stable prices.
They also want to keep interest rates from getting too high in the long run.
To keep prices stable, they might raise interest rates a little more than they planned before, from 2.6% to 2.8% by the end of the year.
Learn more about the Fed's actions: https://linktr.ee/kptalksdollarsandsense
#KPTalksDollarsAndSense #Fed #Unemployment #Expectedunemploymentrate #TheFedsMandate #DualMandate #TriMandate
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