Federal Reserve's Barkin: Core PCE inflation rate slightly below 2% target for six months

2024/01/03 14:04

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Federal Reserve Chairman Powell said that the six-month core PCE inflation rate is now "slightly below" the target of 2%, and there is still a possibility of further interest rate hikes. A soft landing seems possible, but not certain. It is recommended to reduce focus on the path of interest rates and pay more attention to whether inflation continues to decline and if the economy remains strong.

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