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 Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week READ MORE SAXO BANK: GOLD IS READY TO RISE READ MORE US labor market stays resilient; housing regresses on higher mortgage rates READ MORE Oil Prices Set for Stability in 2024, Say Industry Experts READ MORE US Job Cuts Rise Sharply in January READ MORE Add a Comment Cancel replyYour email address will not be published.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