CryptoInMENA
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Summary of Jerome Powell's statements on the US economy.
✅ Current economic situation:
• Economic strength: The US economy is in a strong position, with an inflation rate slightly exceeding the target set at 2%.
• Decline in GDP: The drop in GDP in the first quarter reflects unusual fluctuations in trade.
✅ Inflation and unemployment:
• High inflation: Despite a noticeable decline in inflation, its short-term expectations have risen, driven by tariffs.
• Economic strength: The US economy is in a strong position, with an inflation rate slightly exceeding the target set at 2%.
• Decline in GDP: The drop in GDP in the first quarter reflects unusual fluctuations in trade.
✅ Inflation and unemployment:
• High inflation: Despite a noticeable decline in inflation, its short-term expectations have risen, driven by tariffs.
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