BlockBeats news, on June 17, a survey conducted by former (Wall Street Journal) economic reporter Jon Hilsenrath gathered the views of former Federal Reserve officials and staff on the U.S. economy and the Federal Reserve's outlook. The former officials and staff expect the unemployment rate and inflation rate to rise in the coming months, which may complicate the Federal Reserve's judgment on interest rate decisions. Respondents indicated that they expect the Federal Reserve to maintain expectations for two rate cuts of 25 basis points each within the year, although many former officials believe that only one rate cut or even no rate cut might be more appropriate.
The release of this survey's results comes just as the Federal Reserve is about to hold a policy meeting this week, during which Federal Reserve officials will unveil economic forecasts. This will be the first time the Federal Reserve has released economic forecasts since Trump announced a wide-ranging import tariff policy. The federal budget bill currently advancing in Congress may also become one of the important considerations for the Federal Reserve's decision this week.