Fed Chair Powell: Confidence grows as inflationary pressures fall
On 1 August, Federal Reserve Chairman Jerome Powell said that the overall picture of falling inflationary pressures was good. This is a broader pullback in inflation, and the slowdown in inflation has shifted from commodity prices to non-housing services and housing factors.
Powell also said that he hoped inflation would slow to 2 per cent and that confidence was growing because we were getting good data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

The BlackRock address received 16,629 ETH and 300 BTC in the past 10 minutes.
Data: BlackRock received BTC and ETH worth $78.15 million from an exchange in the past 10 minutes
BitMine increases holdings by 20,532 ETH, worth approximately $63.32 million