that showed yet another month of hotter-than-expected inflation — a sign that faster price increases in key parts of the economy will take longer than anticipated.: Nearly all Fed officials thought it would be "appropriate to move policy to a less restrictive stance at some point this year if the economy evolved broadly as they expected," according to the minutes from the March 19-20 policy meeting.
A few officials said that the hotter inflation readings were due to seasonality quirks, but some others said the inflation jump was "relatively broad based and therefore should not be discounted as merely statistical aberrations."The third-straight hot inflation report released earlier on Wednesday adds to evidence that the data earlier this year was not a fluke.
Officials said in the minutes that if the disinflation process did slow, it was possible they would maintain interest rates at their current level.
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: papermagazine - 🏆 409. / 53 Read more »