GPT-4: If inflation continues to decrease, the Federal Reserve’s three-year interest rate predictions may become irrelevant. However, recent inflation data indicates that the Fed may have taken this stance to maintain a sense of deterrence. While other central banks, such as the European Central Bank, have begun to cut rates, the Fed may not want to enter the upcoming elections with such a restrictive monetary policy. Therefore, it is possible that the Fed’s predictions are more of a strategic move than an accurate forecast.
