As inflation eases, optimism rises
The global lender slashed its forecast for global growth this year by nearly half to just 1.7%
``We are not, and will not be, a 'climate policymaker,''' the Fed chair said at a conference
U.S. unemployment at 53-year low of 3.5%, wage growth at 4.6% in December
Risks remained that inflation could stay higher than expected
A jump in layoffs and unemployment claims would be an early sign of recession
Key rate range could top 5% in 2023
Wall Street welcomed the better-than-expected data as support for the Fed to slow rate hikes
The Fed is expected Wednesday to raise its benchmark short-term rate for a seventh time this year
Jobless rate at 53-year-low of 3.7%, markets alarmed