On January 30th, Federal Reserve Chairman Powell stated that inflation is closer to the target and still slightly high, and will continue to maintain the 2% inflation target. As of December, the PCE index has risen by 2.6%, and the core PCE index has risen by 2.8%. Long term inflation expectations seem stable; Pay attention to the bidirectional risks of dual tasks. The labor market is not a source of inflationary pressure.
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