Federal Reserve concerned over ‘lack of further progress’ in bid to tame inflation

Federal Reserve concerned over ‘lack of further progress’ in bid to tame inflation
By: The Guardian Posted On: May 22, 2024 View: 20

While price growth has fallen sharply, with April’s 3.4% lower than March’s 3.5%, it is still higher than Fed’s medium-term goal of 2%Policymakers at the Federal Reserve have expressed concern over stalling progress in their fight to bring down inflation.Although price growth has fallen sharply since peaking at its highest levels in a generation two years ago, it has remained stubbornly above where officials want it to be. Continue reading...

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