JP Morgan Chase boss Jamie Dimon said he remains concerned about the outlook for inflation. Photo: WIN MCNAMEE / GETTY IMAGES NORTH AMERICA/Getty Images via AFP
The losses came as investors digested data showing US inflation had slowed in April after coming in above forecasts the previous three months. Three top officials at the US central bank pushed back against talk of an early cut, adding that they wanted to see more evidence that inflation was under control.Click “See First” under the “Following” tab to see Briefly News on your News Feed!
She was joined by New York counterpart John Williams, who said he saw no reason to reduce just now, while Richmond boss Thomas Barkin said it would take time to get inflation back to the bank's two percent goal.
Source: News Formal (newsformal.com)
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