The Fed shouldn't respond to this energy shock the same way it did in 2022: JPMorgan's Kelsey Berro

THE FED HOLDING INTEREST RATES STEADY IN A RANGE OF THREE AND A HALF TO 3.25%, THAT WAS, AS EXPECTED, THE LATEST SO-CALLED DOT PLOT OF FED MEMBERS RATE PROJECTIONS, INDICATING THAT THE CENTRAL BANK COULD CUT RATES ONCE THIS YEAR AND ONCE NEXT YEAR BY 25 BASIS POINTS EACH TIME. OFFICIALS SEE A SLIGHTLY FASTER PACE OF GDP GROWTH THIS YEAR THAN THEY PREVIOUSLY DID. BUT THEY ALSO SEE HIGHER INFLATION GROWTH IN 2027 PROJECTED A 2.3%.THAT'S HIGHER THAN THE PREVIOUS 2% FORECAST. FED CHAIR JAY POWELL SAYING THAT ...