News

According to Odaily, Federal Reserve's Harker stated that the positive inflation data in November may be due to data collection distortions caused by the government shutdown in October and the first half of November, which underestimated the 12-month price growth. While the Bureau of Labor Statistics reported a 2.7% year-on-year increase in November CPI, the adjusted estimate, accounting for data measurement difficulties, brings it closer to the generally expected level of 2.9% or 3.0%. In addition, Harker's core concern regarding rate cuts lies in her view that the neutral interest rate level is higher than commonly believed, and that the economy itself is poised to maintain robust growth momentum next year. The neutral interest rate cannot be directly observed, but can be inferred from the state of the economy. (Golden Ten Data)

BlockBeats News, December 21st, the Federal Reserve's Harker stated that the November inflation data was positive, possibly due to data collection distortions caused by the government shutdown in October and the first half of November, underestimating the price growth over the 12 months. Although the Labor Department reported a 2.7% year-on-year increase in the CPI in November, estimates adjusted for the difficulties in measuring the data brought it closer to the 2.9% or 3.0% level widely expected by forecasters. Furthermore, Harker's concern about cutting interest rates lies in her view that the neutral interest rate level is higher than commonly believed and that the economy itself has the momentum to maintain robust growth next year. The neutral interest rate cannot be directly observed but can be inferred from the state of the economy. (Krypton Capital)

ChainCatcher News, according to Golden Ten Data, Federal Reserve's Harker stated that the positive inflation data in November may have been distorted due to data collection issues caused by the government shutdown, leading to an underestimation of the 12-month price growth. Although the Bureau of Labor Statistics reported a 2.7% year-on-year increase in November CPI, the adjusted estimate is closer to 2.9% or 3%. Harker believes that the neutral interest rate level may be higher than generally expected, and the economy is expected to maintain robust growth next year.