Powell: Recent inflation expectations are rising, inflation is increasing

BlockBeats message. On April 30, Federal Reserve Chair Powell said he expects the March PCE inflation rate to be 3.5%, with little change in the unemployment rate.

In recent times, inflation expectations have risen. The economic outlook is highly uncertain. In the near term, inflation has been rising and remains at a high level. Higher energy prices will push up near-term inflation. (Jin10)

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