Fed’s Musalem says cooler CPI data is ‘encouraging’

07/11/2024

Less than a minute

2024.07.11 13:45

(Reuters) – Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday that consumer price data released earlier in the day is moving in the right direction.

© Reuters. FILE PHOTO: A woman shops in a supermarket in Los Angeles, California, U.S., June 13, 2022. REUTERS/Lucy Nicholson/File Photo

Recent inflation data “has slowed and is consistent” with more price sensitive consumers, Musalem said at an appearance in Little Rock, Arkansas.

He added, “this morning’s (consumer price index) inflation for June points to encouraging further progress toward lower inflation.”

07/11/2024

Less than a minute

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