Latest Inflation Data Shows Fed Has More Work to Do Loretta Mester, President of the Federal Reserve Bank of Cleveland, acknowledged in a Yahoo Finance interview that recent inflation data indicates the Federal Reserve still has significant efforts ahead to mitigate price pressures. Despite this, Mester remains optimistic about the Fed’s ability to achieve its 2% inflation target over time and anticipates the Federal Reserve will lower interest rates three times this year. The latest data reveals a 0.4% increase in the Fed’s preferred inflation measure in January, marking the quickest rise since early 2023. This uptick suggests that the cooling of inflation might not proceed as rapidly as last year, attributed to earlier improvements in supply chains and workforce expansion. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Yellen Says She Regrets Saying Inflation Was‘Transitory’ READ MORE Leading Economic Index No Longer Predicts U.S. Recession -Conference Board READ MORE Gas Prices Could Soar Past Last Year's Rates Amid Refining Woes READ MORE HSBC: Commodity Markets Are in a ‘Super Squeeze’ READ MORE Japan Sounds the Alarm on Yen's Speculative Tumble Amidst Rising U.S. Inflation READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment