FOMC dot plot and central tendencies from September 2022 meeting. EOY 2022 4.4%

The dot plot for September 2022 shows the median rate at the end of 2022 at 4.4%, up from 3.4% in June 2022. Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods. The level of inflation has a direct impact on the exchange rate between two currencies on several levels.

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