Fed Forecasts Steady Growth, Strong Job Market Despite Higher Rates; Reddit IPO First Big Tech Listing in Years

• The Federal Reserve does not foresee a recession in the coming years, projecting steady economic growth through 2026.

• The job market remains strong with low unemployment and ongoing payroll growth. Productivity gains may also boost growth without raising inflation.

• Interest rates are expected to remain higher than pre-2022 levels but not high enough to hamper the resilient US economy.

• Risks remain, especially if inflation fails to continue its descent. An inflation surprise could lead the Fed to overtighten policy.

• Reddit finally went public this week, marking the first social media IPO in years. Its performance could influence other tech companies considering IPOs.