Fed's Evans Says Latest Inflation Data Was Not ‘Encouraging’
- Chicago Fed chief: "Still a lot of hope" embedded in forecasts
- Worth discussing pause on rate hikes until inflation hits 2%
Fed's Evans Says Getting Inflation to 2% Is Important
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Federal Reserve Bank of Chicago President Charles Evans said that weaker-than-expected U.S. inflation data last month “didn’t seem encouraging,” as policy makers consider raising interest rates again despite the failure of price pressures to advance as forecast.
A U.S. Labor Department report on prices released earlier on Friday showed the so-called core inflation rate that strips out food and energy prices rose just 0.1 percent in September.