News about inflation

Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates www.wsj.com/economy/central-banking/fed-chair-jerome-powell-maintains-wait-and-see-posture-on-inflation-and-rates-1cd35820?st=cv7dij8ar2n9mgl

#Fed Chair #Powell said the central bank needs to be patient & let high interest rates continue to work "Looks like it will take longer for us to become confident that #inflation is coming down to 2% over time... just staying at that stance for longer" www.bloomberg.com/news/articles/2024-05-14/fed-s-powell-urges-patience-given-lack-of-inflation-progress?utm_source=website&utm_medium=share&utm_campaign=twitter

In the first of this week’s two highly anticipated US inflation data releases, the monthly increases in both headline and core PPI were above the consensus forecasts: 0.5% vs 0.3% and 0.5% vs 0.2% for April, respectively. These unfavorable inflation beats are offset by a notable… pic.twitter.com/Z6zQ46Jw4H

From the @WSJ on US inflation. The challenge remains the decisive lowering of services and #housing inflation while maintaining well-behaved goods price behavior. The complication is that services #inflation has traditionally been less sensitive to interest rate measures and,… pic.twitter.com/tN7pz1p6Bi