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Federal Reserve Chair Jerome PowellOn Friday, November 10, 2013, he will deliver a speech to the Jackson Hole central bank economic symposium. ET.
Participants in the market eagerly awaited Powell’s commentsYou can find guidance from the bank to determine how much inflation policymakers are going to push and which criteria they will be using to inform their decisions.
Powell’s remarks come as the Fed is taking steps to address these issues. drastic steps to tamp down rising prices. Although investors may be looking for fresh guidance from Powell the central bank chief, Powell will largely issue. the same inflation-fighting messageThe Fed is highlighting its ability to raise rates in order to control prices,
Powell’s speech comes after the Fed released one of its favorite inflation indicators earlier Friday, the personal consumption expenditures prices index. In July, the PCE reading revealed a 6.3% increase in year-overyear inflation (compared with 6.8% in June). This index dropped 0.1% from a month ago.
Core PCE, which does not include food or energy prices, rose 4.6% annually and rose 0.1% monthly.
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