Inflation Will Be In Focus At Fed Chair Powell's Testimony In Congress This Week

2025-02-10 18:50:00 ET

Summary

• Sticky inflation risk is expected to be a central talking point when Federal Reserve Chairman Jerome Powell testifies this week in the Senate (Tues., Feb. 11) and House (Wed., Feb. 12).
• Headline and core readings of the consumer price index (CPI) have remained relatively steady near the 3% mark - above the Fed’s 2% inflation target.
• More of the same is expected for this week’s CPI report for January (Wed., Feb. 12) with inflation remaining sticky at a roughly 3% pace.

Sticky inflation risk is expected to be a central talking point when Federal Reserve Chairman Jerome Powell testifies this week in the Senate (Tues., Feb. 11) and House (Wed., Feb. 12). Although the worst of the pandemic-related inflation has been tamed, progress has stalled recently. Headline and core readings of the consumer price index (CPI) have remained relatively steady near the 3% mark - above the Fed’s 2% inflation target....

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