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Is that 2% inflation target feasible longterm?
No — The majority of the comments indicate skepticism about the feasibility of the 2% inflation target, with historical data often suggesting average inflation rates closer to 2.5-4%. Many see the 2% target as arbitrary and made up. There's also a prevailing sentiment for flexibility and adjustment based on changing economic conditions.
Why is the euro experiencing a steady decline against the dollar?
It is attributed to economic conditions, global oil demand fluctuations, and diverging monetary policies between Europe and the United States. — Based on the majority of comments, the main reasons pointed out for the decline of the Euro against the dollar include low expectations of the Eurozone economy, cooling off inflation in the US, global oil demand fluctuations, and the impact of diverging monetary policies between Europe and the US.
What does the recent Fed rate hike mean for inflation?
The recent Fed rate hike is likely to have mixed impact on inflation. — Based on the mixed viewpoints, some people believe that the rate hikes are effective in curbing inflation, whereas others doubt their effectiveness or stress on other influencing factors like supply chain disruptions and long-term low interest loans. Some express concerns about potential negative impacts including inducing a recession.
How many more interest rate raises will be made?
Multiple — Majority of the viewpoints indicate that there will be multiple future interest rate hikes.
How does FedNow compare to cryptocurrencies?
FedNow is seen as a superior alternative to cryptocurrencies. — Most opinions highlight that FedNow is seen as a solution to problems caused by cryptocurrencies, despite skepticism about its implementation and the lack of integration with crypto. Many consider it as a secure system, potentially reducing the relevance of cryptocurrencies.
