The Federal Reserve, a government agency responsible for keeping the American economy stable, sets the federal funds rate.
The RBA’s forecasts suggest that the RBA is assuming a short-term neutral policy rate of just over 3% and a lower NAIRU of 4¼%. The RBA has marked down potential growth from 2¼% to 2% as it revised ...
"My guess is we're pretty close to neutral right now," Minneapolis Fed President Neel Kashkari said in a broadcast interview on Monday, referring to the point at which interest rates neither stimulate ...
RBA staff have revised down the estimated neutral rate cash rate to c2¾%, although it is not clear if policy-makers take it at face value.