Federal Reserve Governor Goolsbee said that the inflation rate is still expected to reach 2%, and today's data shows that the recent surge in inflation is just a "bump". He also said that his forecast is that the path of interest rates in 2025 will be slightly lower. Over the next 12 to 18 months, interest rates may decline significantly.
Fed's Goolsbee: Inflation still on track to reach 2%
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