Federal Reserve's Harker: Encouraging CPI Data Supports Decision to Hold Rates Steady in July

BlockBeats News, August 15th, Federal Reserve's Gülşen says that the CPI data is encouraging, but more data is needed to make a judgment. The recent productivity data has been very disappointing, supporting the decision to keep rates unchanged in July. If productivity continues to decline, a reassessment of expectations regarding AI will be necessary.

Source: BlockBeats

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