News about inflation

As a follow-up to yesterday's #FederalReserve press conference, here are some thoughts on why Chair Powell's surprisingly dovish tone and context may end up being appropriate...though not for the reasons he put forward. www.ft.com/content/aa8c68f7-9dad-465f-ab92-c64c38337a84 #economy @FT #markets #inflation

Asked about the level of inflation, Federal Reserve Chair Powell responds "3% cannot be in a sentence with satisfactory." What if 3% turns out to be closer to the equilibrium inflation rate for a US economy (i) going through major structural changes, several of which are…

US Fed Meeting Today LIVE: Federal Reserve keeps rates unchanged, cites 'lack of further progress' on inflation www.etnownews.com/economy/us-fed-meeting-today-live-fomc-decision-outcome-results-announcement-news-expectations-how-to-watch-chair-speech-liveblog-109754090

Instead of focusing on the ISM Services Index plunging into #recession territory, with pronounced weakness in employment, investors focused on the surging prices paid component. They missed the point that #recession will prevent the #Fed from raising rates to fight #inflation.