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Powell: Inflation Rate Not Far from 2% Target, Monetary Policy Still Slightly Tight
Summary: In breaking news, according to Jinshi reports, Federal Reserve Chairman Powell stated that the focus of the disagreement lies in the future. Core personal consumption expenditures excluding tariffs may be 2.3% or 2.4%. The inflation rate excluding tariffs is not far from the 2% target. Tariffs are not believed to be a one-time inflation shock. ...
In breaking news, according to Jinshi reports, Federal Reserve Chairman Powell stated that the focus of the disagreement lies in the future. Core personal consumption expenditures excluding tariffs may be 2.3% or 2.4%. The inflation rate excluding tariffs is not far from the 2% target. Tariffs are not believed to be a one-time inflation shock. We believe that monetary policy is still slightly tight, firmly committed to restoring the inflation rate to 2%.
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Link: Powell: Inflation Rate Not Far from 2% Target, Monetary Policy Still Slightly Tight [Copy]
