"Unpacking the US Inflation Conundrum: Powell Pivot, Housing Shortage, and Economic Indicators"
TL;DR Summary
US inflation has remained high due to persistent price gains and a resilient economy, leading to a shift in tone from Fed Chair Jerome Powell, who indicated that borrowing costs will stay elevated for longer than previously thought, impacting global policy.
Topics:business#economics#federal-reserve#housing-shortage#interest-rates#jerome-powell#us-inflation
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