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Chicago Federal Reserve President Austan Goolsbee said inflation remains the Federal Reserve’s primary concern, warning that underlying price pressures continue to move in the wrong direction despite some recent improvement. Speaking in a CNBC interview Read more…
Federal Reserve Bank of New York President John Williams reinforced the case for a prolonged period of restrictive monetary policy, warning that inflation remains too high and is now likely to take longer than previously Read more…
Key insights from the week that was. Australian consumer prices fell 0.7% in May, bringing the annual rate of headline inflation down from 4.2%yr to 4.0%yr. The main cause of the decline was an 11.9% Read more…