Fed-favoured inflation  gauge is set to ease

Quick Summary:

WASHINGTON: The Federal Reserve's (Fed) preferred inflation metric is expected to cool to the slowest pace since June, but glacial progress on taming price pressures overall will keep policymakers cautious about lowering interest rates further.

China reports preliminary purchasing managers index data for February on Saturday, with a key being the extent to which the manufacturing gauge recovers after a lunar-holiday dip in January.

Michael Barr is due to speak for likely his last time as the central bank’s vice-chairman for supervision as he prepares to step down at the end of the month, while Richmond Fed president Tom Barkin and Cleveland’s Beth Hammack are among others scheduled to deliver comments.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaCanadaChinaGermanyHong KongJapanSouth KoreaPhilippinesSingaporeSri LankaTaiwanThailand

Topics: PCE Consumption Fed Economy /Business/Business News Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 00:00:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 870 words

Reading Time: 5 minutes read

Sentences: 37 lines

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Copyright Owner: © The Star

News ID: 26407876

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