Fed members’ outlook improves, paving the way for further tightening
Federal Reserve members continues to see the risks surrounding the U.S. economy “broadly balanced,” but the total number of members who expect a better than expected outcomes for both inflation and employment rose to the highest level since January 2012.
Four policymakers foresee upside risks to inflation, compared to 3 in December, while only one member saw risks tilted to the downside and the rest of members said risks were broadly balanced.
the unemployment rate, four policy makers saw risks that the measure would be
lower than anticipated, up from three in December; 13 saw risks as balanced,”
according to Bloomberg.