Feds Bowman: Dissent warranted by inflation still above target ...Middle East

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Feds Bowman: Dissent warranted by inflation still above target
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Dissent to half-point cut warranted by inflation still above target, "measured pace of cuts more appropriate"Core inflation remains uncomfortably above 2% target with upside risks given ongoing growth in spending, wagesRecalibrating policy appropriate given progress on inflation, but should not declare victory yetUpside risks to inflation still "prominent," including supply chain fragility, fiscal policy, mismatch of housing supply and demandThough labor market has shown signs of cooling, wage growth, spending and GDP “not consistent" with a material economic weakeningThere are still more jobs than available workersRise in unemployment largely due to slowed hiring and improving supply"Consid

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