If you’re confused about the state of the US economy and what it means for monetary policy, you’re not alone. Speeches by Federal Reserve bank presidents on Monday outlined starkly different tones on the inflation outlook, which suggests that the case for more interest-rate hikes in the near term remains muddled.
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N. Korea says it reserves the right to shoot down US bombers: Reuters
Chicago Fed Index reflects slower US growth in August: Chicago Fed
Growth rate in Texas manufacturing sector remains strong in Sep: Dallas Fed
Fed’s Evans says rates should be held steady until inflation heats up: MNI
NY Fed’s Dudley expects import prices will boost US inflation: MarketWatch
Latest Obamacare repeal bill appears doomed: Politico
Demographic trend is keeping interest rates low: San Francisco Fed
Brent oil rises to 2-year high: BBC