Fed's Williams says more work needed to bring inflation back to target

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Go back to Fed's Williams says more work needed to bring inflation back to target

BofA still expects March rate cut despite latest inflation data

January 11, 2024 11:26 AM EST

The December Consumer Price Index (CPI) report came in stronger than expected on Thursday, with inflation coming in above economists' expectations, prompting some doubts regarding the Federal Reserve's potential rate cuts.

Ahead of the release, analysts at UBS analysts said in a note that they believe inflation will... More