Federal Reserve's Barkin: Core PCE inflation rate slightly below 2% target for six months
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RootData: ZETA will unlock tokens worth approximately $4 million in one week
Grayscale: Grayscale Dogecoin Trust ETF to be listed and traded on NYSE Arca