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Recently, Fed Chairman Powell expressed important views on the current economic situation. He pointed out that although inflation has eased compared to 2022, it remains at a high level. The core Personal Consumption Expenditures (PCE) year-on-year growth in June is expected to reach 2.7%, a figure that is still well above the Fed's inflation target.
Powell emphasized that despite the current severe inflation situation, most long-term inflation expectation indicators remain aligned with the Fed's targets. This indicates that the market still has confidence in the Fed's ability to control inflat
View OriginalPowell emphasized that despite the current severe inflation situation, most long-term inflation expectation indicators remain aligned with the Fed's targets. This indicates that the market still has confidence in the Fed's ability to control inflat