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The Fed is challenged by higher inflation in Q1
The latest figures confirm the pick-up in US inflation over the past few months, with the Fed signalling that interest rates are likely to stay high for longer amid more policy-makers questioning whether the neutral policy rate has risen from pre-COVID levels. Ahead of the Fed meeting on interest rates on 30 April-1 May, markets and policy-makers have been on something of a rollercoaster, with Thursday's national accounts showing greater price pressures than had been expected in Q1, in that the Fed’s preferred core PCE deflator increased by an annualised 3.7% in the quarter ahead of the release of the March ... (full story)
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- Posted: Apr 29, 2024 5:10am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,858
