US Federal Reserve increase 'good news for global economy', says Quilter.

The video discusses the US economy's significant global influence, focusing on recent interest rate changes by the Federal Reserve. It highlights the US economy's resilience and the Federal Reserve's strategy to manage inflation, which has been decreasing. The video also explores the implications of US interest rates on the global economy and provides projections for future rate changes, emphasizing that the terminal rate may not need to be as high as some predict due to external factors affecting inflation.

What is the target inflation rate mentioned in the text?

What do commentators suggest about the terminal rate of interest?