Citi’s Chief U.S. Economist Says ‘Sticky’ Services Inflation Could Prevent the Fed From Cutting Rates Until Late Next Year

Home News Cryptocurrency Citi’s Chief U.S. Economist Says ‘Sticky’ Services Inflation Could Prevent the Fed From Cutting Rates Until Late Next Year

By CryptoGlobe - 5 months ago - Reading Time: 1 minutes

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Citi’s Chief U.S. Economist Says ‘Sticky’ Services Inflation Could Prevent the Fed From Cutting Rates Until Late Next Year

Overview of Economic Data and Inflation Earlier today, Andrew Hollenhorst, Citi’s Chief U.S. Economist, joined CNBC’s “Squawk on the Street” to provide an analysis of the current economic data and its implications. He discussed the concept of a ‘Goldilocks’ economy, the potential for stickier inflation, and the timeline for achieving target inflation rates. Current Economic […]

Original source: CryptoGlobe