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Fed Trio Express Confidence Inflation Will Continue to Slow
A clutch of Federal Reserve officials on Wednesday welcomed fresh data showing a crucial gauge of consumer prices in December rose less than expected, giving them confidence inflation would continue to ebb. “The process of disinflation remains in train. But we are still not at our 2% goal, and it will take more time until we can achieve that on a sustained basis,” New York President John Williams said Wednesday in Hartford, Connecticut. His comments followed a monthly report on consumer prices published earlier in the day by the Bureau of Labor Statistics which showed underlying inflation unexpectedly softened ... (full story)
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- Posted: Jan 15, 2025 3:04pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,639
