© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Trudeau Blames NIMBYs For National Housing Squeeze

MNI BRIEF: Fed Must Keep Higher Rate Through Next Year- IMF

MNI: Canada's 2022-23 Budget Deficit Is Near Forecast

MNI: TREASURY GENERAL ACCOUNT $38.8B MAY 25 VS $49.5B PREV DAY

MNI DATA FORECASTS: EZ Inflation, US Payrolls In Focus

EZ/UK Bond Supply Calendar: Italy BTP/CCTeu Auction on Tuesday

(RPT)MNI INTERVIEW: Fed Needs Better QE Guardrails-Fed Adviser

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

MNI BRIEF: Fed’s Powell Says Inflation Decline Will Be Bumpy

(MNI) WASHINGTON
USCentral Bank NewsPolicy NewsHomepageFederal ReserveFOMC Calendar Market NewsBriefStoryRegionNorth America

The inflation fight is far from over because price pressures are too elevated for the Federal Reserve’s liking, Chair Jerome Powell said Wednesday.

“The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy,” Powell said. “Inflation has moderated somewhat since the middle of last year, but the strength of these recent readings indicates that inflation pressures continue to run high.” (See MNI INTERVIEW: Americans' Top Concern Remains Inflation-Umich)

78 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The inflation fight is far from over because price pressures are too elevated for the Federal Reserve’s liking, Chair Jerome Powell said Wednesday.

“The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy,” Powell said. “Inflation has moderated somewhat since the middle of last year, but the strength of these recent readings indicates that inflation pressures continue to run high.” (See MNI INTERVIEW: Americans' Top Concern Remains Inflation-Umich)