Compose a 250 words essay on Econ Problem set. Needs to be plagiarism free!Inflation expectation: In January, FOMC expected inflation fall further, but rise gradually towards 2 percent over medium ter

Compose a 250 words essay on Econ Problem set. Needs to be plagiarism free!

Inflation expectation: In January, FOMC expected inflation fall further, but rise gradually towards 2 percent over medium term following labor market improvements and decline in oil prices. In March FOMC anticipated inflation to remain near its low level, and then rise gradually toward 2 percents.

Target range for the federal funds rate: FOMC anticipated an increase the target range if there is faster achievement of desired employment and inflation rate of 2 percent in January. In March. the committee was more of not certain about the possibility of increasing the target rate, but remained open to the possibility upon market