Michelle Bowman and Christopher Waller, members of the Federal Reserve`s board of governors, gave separate speeches Monday during which they said that slow progress on getting inflation down to the Fed`s 2% target rate is forcing the central bank to keep rates where they are. “I would like to gain greater confidence that progress in lowering inflation will continue as we consider making further adjustments to the target range,” Bowman said in a speech at the American Bankers Association, CNBC reported.
January’s inflation numbers came in higher than analysts expected, with the consumer price index rising 50 basis points from the end of 2024. It now sits at 3%...
RSK: We will see how long this lasts. I think you will see inflation ease in the next quarter...
Ken Notes: I hope so, but I am nervous that we are living in a global economy with an America First mindset at the helm.
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- - Volume: 25 - WEEK: 9 Date: 2/25/2025 11:04:57 AM -