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Nick Timiraos: Federal Reserve officials worry that the pace of inflation easing is slower than expected
ME News message. On April 9 (UTC+8), “Federal Reserve spokesperson” Nick Timiraos said that the minutes of the Federal Reserve meeting show that “the vast majority” of officials believe the pace of inflation easing may be slower than expected, mainly due to three interwoven concerns: the impact of tariffs on commodity prices may take longer to fade; the pass-through effect of oil prices on core inflation; and for years the inflation rate has remained above the target level, making inflation expectations more easily affected by a new round of shocks. (Source: ChainCatcher)