Fed's Miran expects 3 rate cuts this year

 Federal Reserve Governor Stephen Miran predicted on Thursday that the Fed might cut interest rates "only" three times this year, contradicting other Fed officials, who are warning that the energy shock could delay cuts, possibly until 2027. He acknowledged that conditions are currently more unpredictable, but expressed confidence that core goods and housing inflation will continue falling.

Miran said that the rising energy prices have not influenced inflation projections 12 to 18 months ahead and projected that the 12-month PCE inflation may fall to the 2% target within a year. He also noted that there is no evidence of a wage-price spiral and that inflation expectations remain unchanged.

https://breakingthenews.net/Article/Fed's-Miran-expects-3-rate-cuts-this-year/66086478