"AI for Journalists: Power Up Your Reporting Ethically" FREE Online Workshop by Rianette Cluley, Briefly News Editor-in-Chief. REGISTER NOWThe new data highlights the challenges facing the Federal Reserve, which has recently poured cold water on the prospects of early rate cuts amid a strongThe personal consumption expenditures price index rose at an annual rate of 2.4 percent in January, down 0.2 percentage points from December, the Department of Commerce said in a statement.
A number of officials have come out in recent weeks to suggest that the Fed can afford to be patient before it begins cutting rates."I still expect it will be appropriate sometime this year to begin easing monetary policy, but the start of policy easing and number of rate cuts will depend on the incoming data," Fed Governor Christopher Waller told a conference in Minneapolis last week.On a monthly level, headline PCE inflation rose by 0.
"Fed officials will remain patient and wait for more data that confirms that inflation is moving sustainably towards target," Farooqi from HFE said.