The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On April 16, Treasury Secretary Yellen stated that a Fed rate cut is possible this year. She projected that US economic growth could exceed 3% or 3.5% this year despite the war involving Iran. On April 17, FOMC minutes revealed the Fed's concerns about the war's impacts. The Fed views a rate hike as likely as a cut due to increasing two-sided risks. Federal Reserve governor Chris Waller expressed concern about a lasting increase in inflation due to the surge in oil prices linked to the Iran war.