{"id":97425,"date":"2024-02-22T19:41:00","date_gmt":"2024-02-22T15:41:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=97425"},"modified":"2024-02-22T21:30:49","modified_gmt":"2024-02-22T17:30:49","slug":"feds-jefferson-cautiously-optimistic-about-inflation-progress","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-jefferson-cautiously-optimistic-about-inflation-progress\/02\/22\/market-updates\/","title":{"rendered":"Fed&#8217;s Jefferson: Cautiously optimistic about inflation progress"},"content":{"rendered":"\n<p>Phillip Jefferson, the Fed Vice Chair of the Board of Governors, delivered a speech on Thursday in Washington, DC, at the Peterson Institute for International Economics.<br><br><strong>Key Quotes<br><\/strong><br>Continuing strength in spending is an upside risk to forecasts.<br><br>Fed needs to remain vigilant, nimble.<br><br>Fed shouldn&#8217;t be taken by surprise by any unexpected shocks.<br><br>Fed&#8217;s Jefferson remains cautiously optimistic about progress on inflation.<br><br>According to Fed staff estimates, Personal Consumption Expenditure (PCE) Price Index rose 2.4% over the 12 months ended in January.<br><br>Fed&#8217;s Jefferson expects services inflation to moderate as labor market cools.<br><br>It will likely be appropriate to begin cutting policy rates later this year.<br><br>The Fed wants to move in a way that would not lead to stops and starts in policy, doesn&#8217;t want to increase policy uncertainty.<br><br>will be looking at the totality of data when weighing rate cut options, not a single indicator.<br><br>Labour imbalance between demand and supply has narrowed.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Phillip Jefferson, the Fed Vice Chair of the Board of Governors, delivered a speech on Thursday in Washington, DC, at the Peterson Institute for International Economics.Key QuotesContinuing strength in spending is an upside risk to forecasts.Fed needs to remain vigilant, nimble.Fed shouldn&#8217;t be taken by surprise by any unexpected shocks.Fed&#8217;s Jefferson remains cautiously optimistic about &hellip;<\/p>\n","protected":false},"author":13,"featured_media":88375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,8595,8442,7740,7099],"class_list":["post-97425","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-labour-data","tag-philip-jefferson","tag-rate-cut","tag-spending"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=97425"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97425\/revisions"}],"predecessor-version":[{"id":97435,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97425\/revisions\/97435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/88375"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=97425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=97425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=97425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}