Fed's Daley: Friday's PCE inflation data confirms my declining confidence in my own benchmark forecasts
Gold Finance reports that Fed's Daley said I am 100% focused on inflation and that progress in bringing inflation back down has been stagnant. Friday's PCE inflation data confirmed my view of declining confidence in my own benchmark forecast. Stagflation is a tail risk that can't be ruled out, but I haven't heard anything about it from the sources I've been in touch with.
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