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📰 FED’S POWELL: OCTOBER INFLATION DATA WAS ‘WELCOME SURPRISE,’ WILL TAKE ‘SUBSTANTIALLY MORE EVIDENCE’ TO GIVE COMFORT INFLATION IS ACTUALLY DECLINING FED’S POWELL: WE ESTIMATE PCE PRICE INDEX ROSE 6% IN 12 MONTHS THROUGH OCTOBER; CORE PCE ROSE 5%

November 30, 2022
Frank

FED’S POWELL: OCTOBER INFLATION DATA WAS ‘WELCOME SURPRISE,’ WILL TAKE ‘SUBSTANTIALLY MORE EVIDENCE’ TO GIVE COMFORT INFLATION IS ACTUALLY DECLINING

FED’S POWELL: WE ESTIMATE PCE PRICE INDEX ROSE 6% IN 12 MONTHS THROUGH OCTOBER; CORE PCE ROSE 5%