Jack Manley of J.P. Morgan Asset Management says global economic convergence has not played out as expected this year
Jack Manley of J.P. Morgan Asset Management says global economic convergence has not played out as expected this year
Powell said the U.S. economy and job market remain fundamentally healthy
Average prices still remain far above where they were before the pandemic
Officials say there's been “modest further progress” toward the 2% inflation target
Bets are now leaning toward a first cut in September in the U.S.
Blerina Uruçi of T. Rowe Price says investors would do well to continue to position portfolios with inflation hedges in mind
Blerina Uruçi of T. Rowe Price says investors would do well to continue to position portfolios with inflation hedges in mind
April figures show slight cooling after three elevated readings
During a panel discussion, Powell said his confidence that inflation will ease "is not as high as it was"