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Fed's Powell: We have not seen much progress in the way of services inflation
A strong majority of FOMC feels there is a little further to go with rate hikesWe kept rates on hold to give ourselves more time to make decisionPaper losses on our balance sheet have no effect on our ability to do monetary policyHeadline inflation has come down but that's largely from energy and food, not principally a function of monetary policyWe still have a long way to goI see a path for inflation to continue falling with little increase in unemploymentUSD/JPY is making a move at the momen...
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Posted: Jun 22 2023, 14:36
Author Name: forexlive
Views: 081157