Feds Cook: Inflation is still too high. Main focus is on lowering px pressures.

• Prudent for the Fed to hike in smaller steps as it moves forward
• how far Fed goes with rate hikes depends on how economy responds
• Fed has taken a strong steps to control inflation
• interest rate sensitive parts of economy impacted by Fed rate hikes
• mindful past Fed rate hikes still working through economy
• inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term still too high, main focus is on lowering price pressures
• seeing some early signs of improvement in inflation data
• too soon to say inflation trend turning more friendly yet
• wage growth above levels consistent with Fed 2% inflation target
• US productivity has been lackluster hopes it will improve
• US manufacturing sector is healthy

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