Fed mouthpiece: The number of officials who believe that inflation risks are biased to the upside has increased significantly

"Fed Whisperer" Nick Timiraos stated that in September, 3 out of 19 Fed officials believed that the risks to the core PCE inflation forecast were tilted to the upside (i.e. if the forecast is wrong, it may be too low). Today, 15 or 19 officials believe that the risks to the already revised core PCE inflation are still tilted to the upside. (Jinshi)