The median of the most recent projections by FOMC participants traces a path in which inflation ends the year just a touch lower than the current level.
The existing international order is undergoing fundamental shifts in terms of geopolitics and economic relationships. 2. This confluence of factors and circumstances is reverberating speedily across countries and jurisdictions. With monetary policy actions and stances undergoing a regime shift in the advanced economies (AEs), financial conditions have tightened sharply across markets and have accentuated financial stability risks.