US inflation outlook worsens

US inflation outlook worsens – Fed official

By Agence France-Presse

Apr 02, 2023 12:36 am

WASHINGTON, D.C.: The US inflationary picture has worsened since the start of the year, which could prolong the Federal Reserve's (Fed) ongoing fight against rising prices, a top Fed official warned Friday.

The central bank 'may have more work to do' in its inflation fight if the data 'show continued strength in the economy and slower disinflation,' Lisa Cook, a voting member of the Fed's rate-setting committee, said in prepared remarks to an economic conference in Ohio.

INFLATION People shop at an Apple store in the Westfield Garden State Plaza mall in Paramus, New Jersey on Dec. 17, 2022. On Friday, March 30, 2023, the Federal Reserve announced the inflation outlook is not getting any better since the year started. AP PHOTO

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