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 Gold’s Rally Leaves Some Market ExpertsBaffled READ MORE Why Britain Is Still Paying the Price for Gordon Brown’s Gold Bullion Blunder READ MORE Nine people facing charges over ‘largest gold heist in Canadian history’ READ MORE How & Where to Buy Silver Bars (2024 Buyers Guide) READ MORE Add a Comment Cancel replyYour email address will not be published.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