Federal Reserve Chair Jerome Powell Warns of Stickier Inflation
===============
#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
Fed's preferred inflation gauge supports patience on interest-rate cuts /
npub1pr…xzq7c
2024-05-14 21:59:24
Author Public Key
npub1prj552g8xe3z69u5dzn7nku330mhhy4a4jz0x47hfm63n6vdghhqexzq7cPublished at
2024-05-14 21:59:24Event JSON
{
"id": "89cc9e5dbc93a9b4fa6d3bf303105973980c65897dcc3ef803a6be46c3c19d64",
"pubkey": "08e54a290736622d179468a7e9db918bf77b92bdac84f357d74ef519e98d45ee",
"created_at": 1715723964,
"kind": 1,
"tags": [],
"content": "Federal Reserve Chair Jerome Powell Warns of Stickier Inflation\n===============\t\n#25542783 ver:2.3\n\nFederal 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...\n\n#newstr #UsInflation #FederalReserve #JeromePowell #MonetaryPolicy #EconomicGrowth \n\n https://here.news/story/25542783?ver=2.3",
"sig": "eb6543a486124ff677a699826264afccd2fdd25a6ccbe2db04b17950d082b603d568f9fdcdffcd47326c51df1ef1a409e120d7cd5a1cad6ee85c64effc6663d0"
}