Powell ຍັງຄົງຢູ່ໃນ 'Jackson Hole' ເຖິງແມ່ນວ່າ PCE ຫຼຸດລົງເປັນ 6.3%

ຫຸ້ນຂອງສະຫະລັດ are down 2.0% on Friday even after the Bureau of Economic Analysis ກ່າວວ່າ the Personal Consumption Expenditures Price Index eased to 6.3% in July.

Jerome Powell reacts to the PCE reading

Versus the prior month, it was “down” 0.1%; reiterating the narrative of “peak inflation”.

ທ່ານ ກຳ ລັງຊອກຫາຂ່າວໄວ, ຄຳ ແນະ ນຳ ທີ່ຮ້ອນແລະການວິເຄາະຕະຫລາດບໍ?

ລົງທະບຽນ ສຳ ລັບຈົດ ໝາຍ ຂ່າວ Invezz, ມື້ນີ້.

Still, Chair Jerome Powell says a couple months of down readings are not enough for the central bank to slam the breaks on raising rates. This morning at “Jackson Hole”, ລາວ​ເວົ້າ​ວ່າ:

ມັນບໍ່ແມ່ນບ່ອນທີ່ຈະຢຸດ ຫຼືຢຸດຊົ່ວຄາວ. ການຟື້ນຟູຄວາມຫມັ້ນຄົງຂອງລາຄາອາດຈະຮຽກຮ້ອງໃຫ້ມີການຮັກສານະໂຍບາຍທີ່ຈໍາກັດສໍາລັບບາງເວລາ. ບັນທຶກປະຫວັດສາດເຕືອນຢ່າງແຂງແຮງຕໍ່ກັບນະໂຍບາຍການຜ່ອນຄາຍກ່ອນໄວອັນຄວນ.

Core PCE (excluding food and energy) was still up 0.1% month-over-month but the increase, nonetheless, was lower than 0.2% expected.

More pain ahead for the U.S. economy

ເສດຖະກິດຂອງສະຫະລັດມີຢູ່ແລ້ວ ສອງໄຕມາດຕິດຕໍ່ກັນ of negative GDP. But Powell sees more pain ahead as interest rates continue to move up.

While higher interest rates, slower growth, and softer labour market conditions will bring down inflation, they’ll also bring some pain to households and business. But a failure to restore price stability would mean far greater pain.

How much the FOMC chooses to lift rates at its next policy meeting in September, he added, will depend on the “evolving outlook”. Market is torn between half a point and three-quarters of a percentage point at present.

Also on Friday, personal income was ລາຍງານ up 0.2% in July. Economists, however, had modelled for a 0.6% increase instead.