(Finance) – The Federal Reserve is still focused on raising interest rates despite positive inflation news in June from consumer price and producer price reports.
“It is really too early to declare victory over inflation” – said the president of the San Francisco Fed Mary Dalyin an interview with CNBC – explaining that despite these signals, the central bank remains in a “wait and watch” mode.
Daly added that his focus is squarely on “whether we need to increase more and how much more we need to increase to bring inflation down to 2%” as uncertainties remain over the inflation outlook.
Daly therefore confirmed that the outlook for inflation remains uncertain.