Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by our Director of Research Daryl Jones.
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Yesterday, Chairman Powell reiterated that the President cannot fire him, and he’s likely to serve out his term until 2026. He did, however, make a notable comment on inflation trends: “Inflation readings are likely to perk up in the coming months because price pressures at the end of 2023 were relatively low. The year-over-year comparisons will make inflation look higher in the final months of 2024.” |
