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Posts Tagged: “core PCE“
Fed Governor Admits Policy Reversal as Inflation Proves Stickier Than Hoped
The Federal Reserve raised its benchmark interest rate by 25 basis points on September 16th, lifting the federal funds target to a range of 3.75-4% and ending nine months of holding rates steady. Speaking on October 8th at the Istanbul Economic Forum, Federal Reserve Governor Christopher Waller laid out the reasoning behind the move. His […]
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Waller Hints at Rate Hike as Core Inflation Reignites
Federal Reserve Governor Christopher Waller used a speech before the New York Association for Business Economics on July 13th to deliver one of his most direct warnings of the year: core inflation is moving the wrong way, and the Federal Open Market Committee may have to tighten again. After six months of relative calm, core […]
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