The Fed - September 17, 2025: FOMC Projections materials, accessible version
The Federal Reserve Board of Governors in Washington DC.| www.federalreserve.gov
The Federal Reserve Board of Governors in Washington DC.| www.federalreserve.gov
This tool estimates the market-implied probabilities of various ranges for the three-month average fed funds rate.| www.atlantafed.org
There are striking similarities between US inflation developments today and in the early 1970s. If inflation continues to develop as it did back then, inflation should be normalized in one and a half years, that is in summer 2024. I doubt this will happen, though, because inflationary pressures are more widespread today. Consequently, the Fed should keep interest rates elevated for at least another year.| Rangvid’s Blog
Heads-up for my Danish-speaking readers: The Danish edition of my book How Low Interest Rates Change the World will be released in just over two weeks: https://djoefforlag.dk/products/rentefald. Naturally, I’ll share the key takeaways with you once it’s out.| Rangvid’s Blog
President Trump has made no secret of his dislike for Federal Reserve Chair Jerome Powell, repeatedly using sharp, disparaging nicknames such as “Mr. Too Late,” “Numbskull,” and “Knucklehead,” and even branding him “grossly incompetent.” His irritation stems from the Fed’s refusal to heed his calls for US interest rates to be cut to euro-area levels. Yet Trump overlooks a crucial point: US rates have long been higher than those in the euro area because of fundamentally diffe...| Rangvid’s Blog
Most economists expect US President Trump’s tariffs to push up prices in the US. However, despite significant tariff hikes months ago, inflation remained surprisingly stable, until now. I see three main reasons—at least two of them suggesting that US inflation is likely to rise even further.| Rangvid’s Blog
