Fed's Schmid: Biggest risk facing the US economy is now inflation
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Schmid is a hawk so his comments aren't a surprise: Inflation is too high, it has been a five year fight and the Fed is still trying to figure it out Most of the higher prices people are paying for energy are staying in the US economy The big question for oil is how long prices s
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4 itemsKC Fed Pres Schmid: Inflation remains too high.
The desk interprets KC Fed President Schmid's recent remarks as a clear signal of ongoing inflationary pressures, which he identifies as the foremost risk to economic stability. Per the full note [source], Schmid emphasizes that inflation remains elevated, despite the US economy demonstrating notable resilience. This hawkish stance aligns with other Fed officials' recent comments, suggesting a prolonged period of restrictive monetary policy is likely necessary to combat persistent inflation. With the Consumer Price Index (CPI) and Producer Price Index (PPI) data reinforcing this narrative, traders should brace for potential market volatility as the Fed navigates these challenges.
Fed policymaker Schmid: My primary concern is inflation, which is too hot
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