US Fed's Powell Expects Inflation to Fall, Expresses Less Confidence in the Economy
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#a6c7f3e2 ver:0.46

US Fed Chair Powell expects inflation to fall, but his confidence has waned due to faster-than-expected price increases. He believes the next move won't be a rate hike and the economy will grow about 2% this year. Recent data shows weaker productivity gains and rising unit labor costs. The Fed's approach is cautious and patient. Neil Dutta argues for weaker inflation, citing successful labor demand trimming. Powell sees a "good picture" but acknowledges a lack of progress in disinflation. #Fed #inflation #economy...

#newstr #UsInflation #FederalReserve #InterestRates #UsEconomy #LaborMarket #Immigration #Disinflation #JeromePowell 

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