Fed Holds Despite Soft CPI
Softer-than-expected core CPI is unlikely to alter the Fed's decision on interest rates.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"Fed Governor Christopher Waller said on Friday that he is cautious about the need to cut interest rates in the near term due to the energy shock sparked by the Middle East conflict."
"On Wednesday, Federal Reserve Chair Jerome Powell said officials will not lower interest rates until inflation cools, as it was too early to determine the impact of rising oil prices on the US economy."
"Federal Reserve Chair Jerome Powell said officials will not lower interest rates until inflation cools, as it was too early to determine the impact of rising oil prices on the US economy."
"“With unemployment still low, growth running above trend, fiscal stimulus providing an offset, and inflation remaining above target, the Fed can comfortably keep rates on hold this month and likely over the next few meetings.”"