kelly o'grady has more. >> well, neil, inflation is unfortunately proving harder to tame than expected. and you've seen a number of key metrics that have actually ticked up in the last few months. now, recall that the market cpi came in at 3 1/2% year over year, that's well above the fed's 2% target. the narrative here does appear to be changing. no more celebrating from fed chair powell, instead a hard pivot towards the admission that rates may need to be higher longer. >> and it has not given us confidence and likely to take longer than expect today achieve that confidence. if higher inflation does persist we can maintain the current level of restriction for as long as needed. >> and perhaps not even at the current level. there are analysts warning rates may need to increase, there's a risk that the fed could raise the rate to 6 1/2%
Related Keywords
Neil , Inflation , Number , Market , Metrics , Kelly O Grady , Fed , More , Admission , Target , Narrative , Pivot , Fed Chair Powell , 2 , 3 1 2 , U S , Rates , Level , Confidence , Restriction , Risk , Va Cash Out Loan , Analysts , 6 1 2 ,
comparemela.com © 2020. All Rights Reserved.