▲ Moderator: Park Myung-seok Infostock Daily Anchor
▲ Appearance: Choi Yang-oh, Director of ISD Corporate Policy Research Institute
[인포스탁데일리=박명석 기자]
In the midst of the minutes of the Federal Open Market Committee (FOMC) meeting released in March, the Federal Reserve System (Fed) mentioned the possibility of a recession this year. According to FOMC minutes, Fed economists are known to have stated that “given the economic impact of the recent turmoil in the banking sector, a moderate recession will emerge from the end of the year.”
Referring to the Bank Term Loan Program (BTFP), which was hastily introduced after the turmoil in the banking sector, the Fed said, “This program has helped the banking sector to overcome difficulties,” but also said, “Bank lending will decrease and credit conditions will deteriorate.” He estimated that it would take two years for the US economy to emerge from recession.
Meanwhile, the Fed had predicted that there would be no recession within the year, but as the minutes of this meeting acknowledge the possibility of an economic recession for the first time, concerns about an economic recession are deepening. Although the Consumer Price Index (CPI), a representative inflation indicator, has slowed, the slowdown in the growth rate is positive and service inflation is still high What is the Fed’s decision on whether to stop raising interest rates ?
Let’s summarize the US CPI announcement and FOMC meeting minutes with Choi Yang-oh, director of the ISD Corporate Policy Institute, and learn about the future outlook.
1. US CPI announcement and FOMC meeting minutes
2. What is a summary of the March CPI announcement?
3. The slowdown in the growth rate is positive, and service inflation is still rated high.
4. How does the Fed judge whether it is enough to stop raising rates?
5. An economic recession was directly mentioned in the minutes of the FOMC meeting in March. What are the prospects for the future?
Reporter Park Myung-seok myungche90@hanmail.net
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