KPMG: The Federal Reserve Maintaining Current Policies Until Next Year May Lead to Overstimulation
According to ChainCatcher, citing Golden Ten Data, KPMG Chief Economist Diane Swonk stated that the Federal Reserve is attempting to lift some restrictions to boost the labor market. However, if this policy continues into next year, when the Federal Reserve will undergo major leadership changes, there could be a risk of overstimulation. This may result in a more harmful self-fulfilling prophecy, where consumers and businesses expect higher inflation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meridian weighs $400 million investment decision for Cabaçal mine
Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.
Scorpio hits gold beyond Nevada resource
Capri Holdings appoints Estée Lauder senior executive Justin Boxford as CEO
Crypto prices
More
