Powell Says Recent Inflation Numbers Haven’t ‘Really Changed the Overall Story’ Fed Chair Jerome Powell said Wednesday that the January and February consumer price index and the January personal consumption expenditures price index were “quite high, but there’s reason to think that, at least for the first month of the year, that “seasonal effects” were at play. “We don’t want to be completely dismissive of it,” Powell said. “I always try to be careful about dismissing data that we don’t like—so you need to check yourself on that.” « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Traders Increase Bets on September Fed Rate Cut Following Inflation Report READ MORE Silver Falls 3% Amid Market Sell-Off READ MORE Crucial Week Ahead: Key Reports to Influence Fed's Rate Policy Decisions READ MORE Yuan Undercuts Dollar: A Shift in Global Currency Dynamics READ MORE Gold Tumbles Amid Global Stock Market Turmoil, but Outlook Remains Positive READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment