Expect inflation to decline but upside risks remain.Need greater confidence in falling inflation before cutting rates again.Patience on rate cuts will allow more clarity on impact of administration policies.Labor market not tighter due to a slowed hiring, but unemployment remains below estimates of full employment.Wage growth above level consistent with Fed's inflation target.. High asset prices may have slowed progress on inflation.Also monitoring supply chains, signs of pent up demand for inflation risk
Back on January 31, Bowman spoke and emphasized that inflation remains elevated with upside risks, and while she still expects it to moderate, the Fed needs data confirmation before proceeding with further rate cuts.
She pointed to fragile supply chains, geopolitical tensions, and post-election pent-up demand as potential inflationary pressures. The first quarter data will be crucial in determining how quickly inflation improves.
The comments today are consistent with those comments from the end of January.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about fed bowman expect inflation to decline by upside risks remain was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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