Inflation expectations. U.S. Federal Reserve Chair Jerome Powell told Congress that the Fed will stop using the word “transitory” to describe current inflation in favor of better articulating the economic forces at play. He said price increases have spread widely, the omicron variant of COVID-19 raises uncertainty, and the factors driving inflation will persist into […]
Daily Memo: Inflation Expectations, Chinese Real Estate News
The Fed will stop using the word "transitory" to describe current inflation.
