Fed Chair: ‘No Hurry to Cut’ Rates Until There’s Sustained Progress on Inflation

Getting inflation under control remains priority No. 1 at the Federal Reserve. New inflation data out Friday shows that U.S. prices moderated in February, led by a cooling in the cost of services (outside of housing and energy), according to a Commerce Department report. The report also revealed that consumer spending rose to its highest…

The post Fed Chair: ‘No Hurry to Cut’ Rates Until There’s Sustained Progress on Inflation appeared first on RISMedia.

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