According to ChainCatcher, Federal Reserve Chairman Powell spoke about the economic outlook, stating: "Recently, our progress towards the 2% inflation target has slowed. In the 12 months ending in February, the PCE total price increased by 2.5%. The core PCE price, excluding volatile food and energy categories, rose by 2.8%."
Looking ahead, higher tariffs will play a role in our economy and may increase inflation in the coming quarters. According to most indicators, long-term inflation expectations (inflation expectations for the next few years) remain well-anchored and consistent with the 2% inflation target. We remain committed to sustainably bringing the inflation rate back to the 2% target."
