Reported 2 days ago
Mary Daly, President of the San Francisco Federal Reserve, acknowledged that the cooling of April's PCE inflation to 2.1% brings 'relief' to consumers affected by high prices, marking the slowest annual increase in four years. However, she cautioned that this data presents an 'incomplete picture' and emphasized the potential for rising inflation ahead, advising that monetary policy should remain carefully calibrated while monitoring future economic developments.
Source: YAHOO