Fed Daly: Friday's PCE inflation data confirms my belief that confidence in my own benchmark forecasts has declined
2025-03-28 23:00:19
Mr. Daly said he was 100 per cent focused on inflation and that progress had been stagnant. Friday's PCE inflation data confirmed my view that confidence in my own benchmark forecasts has waned. Stagflation is a tail risk that cannot be ruled out but has not been heard from the sources contacted.
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