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Powell: Factors contributing to inflation decline are happening but later than expected

Powell: Factors contributing to inflation decline are happening but later than expected
Fed Powell on the slow decline in inflation:Factors contributing to inflation decline are happening but much later and all taking longer than we had hopedService sector much less responsive to rate hikes and cost of capitalWe never use the word pause and wouldn't use that here today. We agreed to maintain that rate at that meetingA big majority believes in raising rates twice this year This article was written by Greg Michalowski at www.forexlive.com... Read More
Posted: Jun 21 2023, 16:43
Author Name: forexlive
Views: 081180

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