Inflation Has Eased, But Is Still Elevated, Powell Says

Federal Reserve Chair Jerome Powell said inflation has eased but remains "somewhat elevated" relative to the Fed's 2% longer-run goal, highlighting that progress is not yet complete. The remark signals continued Fed vigilance on policy and suggests interest-rate-sensitive markets may remain sensitive to future inflation readings and Fed communications.

Analysis

Federal Reserve Chair Jerome Powell said inflation has eased but remains "somewhat elevated" relative to the Fed's 2% longer-run goal, highlighting that progress is not yet complete. The remark signals continued Fed vigilance on policy and suggests interest-rate-sensitive markets may remain sensitive to future inflation readings and Fed communications.