Wells Fargo: U.S. inflation is expected to remain above the Fed's target

Bitget App

Trade smarter

Cointime2024/11/07 15:44

By:Cointime

Sarah House and Aubrey Woessner from Wells Fargo Bank wrote that the current inflation in the United States may still be higher than the Federal Reserve's target of 2%. The October Consumer Price Index, which will be released next week, "may show that progress in eliminating the last bit of inflation is still frustratingly slow." They predict that the overall CPI in October will increase by 0.2%, the same as in September, bringing the annual rate up from 2.4% to 2.5%. Core CPI is expected to increase for the third consecutive month by 0.3%, keeping the annual rate at 3.3%. House and Woessner added that Trump's proposed policies may put pressure on prices and prolong the time it takes for inflation to return to the Fed's target.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Panama City council voted in favor of becoming the first public institution of government to accept payments in cryptocurrencies. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, and USDT. The city partnered with a bank that will receive crypto payments and convert them on the spot to U.S. dollars, allowing for the free flow of crypto in the entire economy.

Cryptopolitan•2025/04/16 19:45