Republic Explains: Is the US Economy headed for stagflation? | Republic Business

📉 US Fed's Dovish Stance: Surprising Wall Street, the Federal Reserve issued signals hinting at rate cuts, contrary to hawkish expectations. Chair Powell maintains the Fed fund rate at 5.25% to 5.50%, its highest in 22 years.

Inflation, easing from 7.1% in 2021 to 2.7% in March 2024, prompts concerns despite 11 interest rate hikes since zero levels. Progress in taming inflation deemed unsatisfactory, as indicated by Powell's post-meeting commentary. 📈

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