[Fed Huck: inflation is expected to fall to 3.5% and 2.5% this year and next] Federal Reserve Huck said on June 2 that he paid close attention to the data to assess the need for further policy tightening; the Fed's interest rate is close to the level of suspending interest rate hikes; U.S. inflation is expected to be around 3.5% in 2023 and 2.5% in 2024. GDP growth is expected to be less than 1 per cent in 2023 and the unemployment rate will rise to 4.4 per cent; the process of retreating inflation is "disappointingly slow" and inflation is still "well above" the Fed's target; there is still plenty of room for improvement; there are welcome signs that the Fed's rate hikes are working; it will take some time to assess the impact of recent events on economic activity and inflation.