finance
Fed official says core inflation remains elevated and rising
A Federal Reserve Bank of Chicago president stated that core inflation is still too high and moving in the wrong direction. The comment comes as officials continue to monitor price trends.
Jun 25, 7:31 PM·1m read2 sources
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A Federal Reserve official said core inflation remains well above target levels and is trending higher. The statement was issued on the current date and focused on price measures that exclude food and energy costs.
Background on inflation measures Core inflation data are used by the central bank to assess underlying price pressures. Officials have previously indicated that sustained declines are needed before policy adjustments. The latest remark adds to ongoing public discussion of price trends without specifying any immediate action.
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