Posted 3/29/2024, 2:23:42 PM
Powell to Reassess Inflation Outlook After New Data Conflicts With Recent Forecast
- Powell to update views on policy and inflation on Friday after recent conflicting signs
- February inflation data showed prices rising faster than Powell anticipated last week
- Details showed some improvement in aspects of inflation Fed focuses on
- Powell appearance follows Fed holding rates steady last week while projecting cuts by year-end
- Powell has had to balance recent expectations for rate cuts with data showing slowing progress on inflation
