From “bumps on the road” to “lack of progress” and greater uncertainty: Federal Reserve Chair Powell hardens his characterization of inflation. #economy #markets

Global News | "Q1 GDP growth to slow from Q4 but remain solid," says Fed's Philip Jefferson This is what he said on inflation and labour market👇 @federalreserve pic.twitter.com/bBwnSxe0Hk

Longer-term inflation expectations are rising again. The market's implied rate of inflation over the next five years has risen to the highest level in more than a year, at 2.6%, according to breakeven rates. pic.twitter.com/k7BTISTOkZ

RATE TRADERS REDUCE EXPECTATIONS FOR FED TO CUT RATES MORE THAN ONCE THIS YEAR