Middle East conflict impacts Federal Reserve rate hike expectations, inflation forecasts revised upward across the board

ChainCatcher news, according to Golden Ten Data, foreign media analysis points out that nearly half of Federal Reserve policymakers no longer believe that maintaining stable borrowing costs alone can bring inflation back down to the 2% target level. The Federal Reserve's latest dot plot shows that policymakers have shifted their views on the interest rate path toward concerns about rate hikes, with some convinced that the Fed will need to raise rates. Forecasts indicate that the PCE price index year-on-year growth is expected to reach 3.6% by the end of the year, the core PCE price index will reach 3.3%, and the unemployment rate will remain at 4.3%.