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A review of the speech from Fed Powell by topics

Decline in Inflation So Far: (A review)Origins and Initial Actions:High inflation resulted from strong demand meeting pandemic-limited supply.The Federal Open Market Committee raised the policy rate in March 2022 to address inflation.The goal was to slow demand growth, allowing supply to catch up.Headline PCE Inflation:Peaked at 7% in June 2022, then declined to 3.3% by July 2022.Global events, like Russia's war against Ukraine, influenced these changes.Headline inflation reflects the direct exp... Read More

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Posted: Aug 25 2023, 14:17

Author Name: forexlive

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