Fed Chairman Warsh: PCE Is Our Number and We Stick to It ✨
🔹 To reach the 2% inflation target, I'm looking at a broader inflation data set, not just PCE.
🔹 This isn't perfect science, but we have data projections to separate the noise from the signal.
🔹 While my position is narrow, my perspective is broader than PCE.
🔹 Inflation cannot be corrected in 9 weeks.
🔹 This Fed will never compromise.
🔹 The economy is showing impressive resilience.
🔹 The Committee is committed to maintaining price stability.
🔹 The Committee is refraining from making forecasts.
🔹 Five years of high inflation has made it difficult to erase the impression that the Fed is above its implicit target of 2%.
🔹 Warsh stated that while they base their fight against inflation on PCE data, they also look at a broader data set to assess price stability.
🔹 The main tone of the message is that a quick solution is not expected in the short term, and the Fed will not compromise on permanently lowering inflation.
🔹 According to Warsh, the economy 🔹 It is still showing considerable resilience, but inflation is too deeply ingrained a problem to be corrected in 9 weeks.
🔹 Also, five years of high inflation will not completely erase the perception in the market that the Fed's implicit target may be above 2 percent.
🔹 A data-driven and cautious approach, avoiding forecasting, is prominent on the committee side.
🔹 This indicates that a gradual and cautious policy stance based on a broader data set may be maintained in the near term.
🔹 For investors, such statements can affect inflation expectations and the timing of interest rate cuts; therefore, changes in dollar bond yields and risk appetite should be closely monitored.
NFA ✔️ DYOR 🔎
#SummerCreationCamp #夏日创作营 #𝐅𝐄𝐃
#Economy $BTC $XAUUSD $US500
🔹 To reach the 2% inflation target, I'm looking at a broader inflation data set, not just PCE.
🔹 This isn't perfect science, but we have data projections to separate the noise from the signal.
🔹 While my position is narrow, my perspective is broader than PCE.
🔹 Inflation cannot be corrected in 9 weeks.
🔹 This Fed will never compromise.
🔹 The economy is showing impressive resilience.
🔹 The Committee is committed to maintaining price stability.
🔹 The Committee is refraining from making forecasts.
🔹 Five years of high inflation has made it difficult to erase the impression that the Fed is above its implicit target of 2%.
🔹 Warsh stated that while they base their fight against inflation on PCE data, they also look at a broader data set to assess price stability.
🔹 The main tone of the message is that a quick solution is not expected in the short term, and the Fed will not compromise on permanently lowering inflation.
🔹 According to Warsh, the economy 🔹 It is still showing considerable resilience, but inflation is too deeply ingrained a problem to be corrected in 9 weeks.
🔹 Also, five years of high inflation will not completely erase the perception in the market that the Fed's implicit target may be above 2 percent.
🔹 A data-driven and cautious approach, avoiding forecasting, is prominent on the committee side.
🔹 This indicates that a gradual and cautious policy stance based on a broader data set may be maintained in the near term.
🔹 For investors, such statements can affect inflation expectations and the timing of interest rate cuts; therefore, changes in dollar bond yields and risk appetite should be closely monitored.
NFA ✔️ DYOR 🔎
#SummerCreationCamp #夏日创作营 #𝐅𝐄𝐃
#Economy $BTC $XAUUSD $US500


