areecep wrote a post · May 20 22:12

Fed Vice Chair Jefferson: Can't Overemphasize Single Data Point of April CPI

Fed officials remain unconvinced that inflation is on track to meet the 2% target, advocating for a cautious policy stance.

Cleveland Fed President expressed skepticism about cutting rates thrice this year.

Despite April's encouraging CPI data, Jefferson emphasized the need to carefully evaluate upcoming economic data before considering rate cuts. He is cautiously optimistic about fighting inflation while allowing economic growth and job creation.

The Fed's plan to slow the balance sheet reduction process is intended to prevent financial market stress.

$Berkshire Hathaway 13F(LIST2999.US)$ $S&P 500 Index(.SPX.US)$ $iShares Core S&P 500 ETF(IVV.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$ $Bank of America(BAC.US)$

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

69K Views

Comment

areecep

Some famous words of Buffett. I hope it's useful to you. : )

283Followers

4Following

4782Visitors