Kansas City Fed's Schmid: recent data suggest inflation trending above 3%
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Comments from Kansas City Fed's Schmid cross the wires: Supported the rate hike; recent data suggest inflation trending above 3% The rate hike was a step towards returning to the 2% target The current inflation problem is "not just about energy" — price growth has been "hot" acro
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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.
Rate hike watch - Fed's Schmid says tighter policy needed as inflation stays too high
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Economic and event calendar in Asia, Monday, November 16, 2026. BoJ, China data, Japan GDP.