Newsweek on Nostr: nostr:note138xfuhdujw5mf7nd80esxyzewwvqcevf0hxra7qr56lyds7pn4jqjwlgsa

quoting note138x…lgsa

Federal Reserve Chair Jerome Powell Warns of Stickier Inflation
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#25542783 ver:2.3

Federal Reserve Chair Jerome Powell warns of stickier inflation as US inflation reaches multi-decade high. However, leading indicators suggest a downward trend towards the Fed's target, allowing for cautious rate cuts in H2 2024. April CPI inflation expected to moderate, signaling a descent. Despite softening macroeconomic data, equity markets rebounded. Inflation remains a thorn in the Fed's side, with the core PCE price index still above target. Powell suggests more time may be needed to bring prices down. Concerns about the economy ahead of the November election. #inflation #economy #FederalReserve...

#newstr #UsInflation #FederalReserve #JeromePowell #MonetaryPolicy #EconomicGrowth

https://here.news/story/25542783?ver=2.3