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Powell: Process of getting inflation back to 2% "has a long way to go"

Powell: Process of getting inflation back to 2%
Nearly all FOMC participants expect it will be appropriate to raise rates somewhat further by year endSeeing some effects of tightening but it will take time to see full effectsLabor market remains very tight but nominal wage growth showing signs of easing, job vacancies have declinedLonger-term inflation expectations appear to remain well anchoredTighter credit likely to weight on economic activity but extent remains uncertainWe will continue to make our decisions meeting by meetingReducing in... Read More
Posted: Jun 21 2023, 12:30
Author Name: forexlive
Views: 102858

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