Gate News message, April 28 — Former Federal Reserve Vice Chair Roger Ferguson and Goldman Sachs economist David Merrick both expect the Fed to maintain interest rates unchanged while monitoring labor market and inflation developments.
Ferguson noted that the labor market is currently stable but inflation remains elevated at 3%, requiring continued work to bring it down. He expects the Fed to hold rates steady for now and observe how conditions evolve. Merrick similarly anticipates that the Fed’s statement following its meeting will acknowledge improvements in employment and rising inflation, but policy guidance will remain unchanged, with most officials supporting a rate hold.
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