Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
1/ Fed's Jefferson is speaking: -Headline PCE was likely 2.7% in March, core at 2.8% (not at goal yet) -Baseline outlook for labor market to remain strong, demand and supply continue to rebalance -Incoming data suggest inflation is more persistent than I expected -If inflation…
Fed Vice Chair Philip Jefferson says inflation that proves more stubborn would warrant a longer period of interest rates at their current setting. He doesn't refer to rate cuts as a base case, as he did on Feb. 22 https://t.co/ot8Lx2V9Dd
🔴 FED'S JEFFERSON: EASING WILL LIKELY BE APPROPRIATE LATER THIS YEAR.
Federal Reserve's Jefferson is fully committed to bringing inflation back to 2%. Jefferson's remarks indicate a willingness to hold rates high if inflation persists, with a baseline outlook of further inflation decline despite recent progress.