On April 14, stock market gains were expected to reach their lowest level since June 2022 in March, and unemployment rate was expected to rise to its highest level since April 2020, according to a report released by the New York Fed.
Inflation is expected to be 3.6% in March next year and 3.1% in February. Inflation is expected to remain unchanged at 3% for the next three years. Five-year inflation forecasts were 2.9% in March and 3% in February.
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