Showing posts with label Democrat Legacy. Show all posts
Showing posts with label Democrat Legacy. Show all posts

Thursday, March 28, 2024

Fed's still sees 'no rush' to cut rates amid sticky inflation data

Article Title: Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data
Snippet of Article: "NEW YORK, March 27 (Reuters) - Recent disappointing inflation data affirms the case for the U.S. Federal Reserve to hold off on cutting its short-term interest rate target...no rush to cut the policy rate" right now, Waller said in a speech at an Economic Club of New York gathering. Recent data "tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%. ..."


Source: www.reuters.com

[tag] Sticky Inflation Data, Inflation Continues to Climb,Inflation,2024,Democrat Legacy,The Biden Years, [/tag]