Powell Says Inflation Progress Has Stalled

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Barron’s (via MSN), Released on 4/16/24

“Last year, rebounding supply supported U.S. growth in spending and also employment, alongside a considerable decline in inflation,” Powell said on Tuesday. “The more recent data show solid growth and continued strength in the labor market, but also a lack of further progress so far this year on returning to our 2% inflation goal.”

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https://www.msn.com/en-us/money/markets/powell-says-inflation-progress-has-stalled-rates-will-hold-steady-for-longer/ar-BB1lGQDb