Powell: Inflation remains slightly above target, December core PCE inflation may rise by 3%

BlockBeats News, January 29, Federal Reserve Chairman Powell: Inflation remains slightly above target. The labor market may be stabilizing after gradually softening.

Core PCE inflation for December may rise by 3%. Elevated inflation largely reflects the impact of tariffed goods. Long-term inflation expectations are consistent with the target. The policy rate is within a reasonable range of estimates for the neutral rate. We are in a favorable position to determine the extent and timing of additional rate adjustments, and policy is not proceeding along a predetermined path. (Golden Ten Data)