Inflation Risks Rise, Musalem Warns
This is a Alberto Musalem news story, published by CNBC, that relates primarily to St. Louis Federal Reserve news.
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term inflation expectationsCNBC
•Business
Business & Economics
Inflation will move toward 2% target, but risks to outlook are rising, says Fed's Musalem
79% Informative
St. Louis Federal Reserve President Alberto Musalem : "Risks seem more skewed to the upside, but the baseline is for continued disinflation" The Conference Board's consumer confidence index reflected the largest one-month drop since August 2021 .
The Institute for Supply Management's manufacturing PMI also showed a sharp increase in prices within the sector.