Powell: The Fed is more confident that inflation will fall to target.
Written byAInvest Visual
Tuesday, Jul 16, 2024 5:50 pm ET1min read
Fed Chair Jerome Powell said on Monday that the Fed is increasingly confident that inflation is falling toward its 2% goal and that it will raise interest rates before inflation falls to that level. Mr. Powell said that he had seen three better data points, which averaged out to a decent deceleration, and that those numbers “do increase confidence that the decline is sustainable.”
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