Fed Chair warns of rising US inflation
The article focused on the statements of the US Federal Reserve Chairman, Jerome Powell, regarding inflation in the United States. He pointed out that inflation "raises concerns" and requires close monitoring. He emphasized that current data have not shown a tangible improvement in inflation rates, with over 3% annual increases in roughly half of the items in the personal consumption expenditures (PCE) basket, a rate higher than before the COVID-19 pandemic. Powell explained that raising interest rates might be necessary to control inflationary pressures, and that the market is awaiting clear signals from the Federal Reserve. This has led to expectations of a higher likelihood of interest rate hikes at the September meeting, with the yields on two-year Treasury bonds rising significantly, continuing to impact the financial markets.
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