Energy Prices Pressure US Consumer Inflation Rate To Over 2 Year High


Fed vice-chair Clarida says

Fed rates will be lower for longer, will delay lift-off
‘Lower for longer’ and ‘delayed liftoff’ are right out of the Fed script right now. No surprises.
s inflation expectations are critically important, if expectations ‘drift up persistently’ that would indicate policy needs to be adjusted
To Get ‘Sustained’ Inflation We Need To See Wages In Excess Of Productivity