Daily Market Updates: Kansas City Fed official says inflation is stubborn and sticky

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Kansas City Fed official says inflation is stubborn and sticky

Reported · Written up by our desk · Central Banks

Kansas City Fed policymaker Schmid said inflation remains stubborn and sticky, suggesting it is not yet clear that price pressures are easing enough to change the policy outlook.

CNBC Finance reports that Schmid stopped just short of calling for an interest rate hike, indicating the current policy stance may not be restrictive enough in his view.

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Sources

CNBC FinanceKansas City Fed's Schmid says inflation 'stubborn' and 'sticky,' policy rate not restrictive

Bonds & Rates

Kansas City Fed official says inflation is stubborn and sticky

More like this

Sources

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