Fed officials eye ‘broadening’ disinflation as new rate-cut test
13/2/2024 6:28
Some Federal Reserve officials, who were surprised by inflation’s rapid descent in 2023, seem to be setting a new bar for interest-rate cuts: a broader pullback in price pressures.
Last week, both Richmond Fed President Thomas Barkin and Boston Fed President Susan Collins indicated they not only want the decline in inflation to continue — like many other officials have said — but also to broaden more meaningfully to housing and other services, given the recent slowing was driven more by goods.
Source: Bloomberg