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Fed's Kugler Says October PCE Inflation Readings Consistent As Of Now With Return To 2% Goal, But Also Show Job Is Not Yet Done; Trade Policy Under Incoming Administration, Congress May Affect Productivity, Prices; Too Soon To Judge; Continuation Of...

Benzinga ·  Dec 3 09:37

Fed's Kugler Says October PCE Inflation Readings Consistent As Of Now With Return To 2% Goal, But Also Show Job Is Not Yet Done; Trade Policy Under Incoming Administration, Congress May Affect Productivity, Prices; Too Soon To Judge; Continuation Of Disinflation, Modest Job Market Cooling Show Fed Goals Roughly In Balance; Rate Cuts So Far Were Steps In Removing Policy Restraint As Fed Is In Process Of Moving Policy Toward More Neutral Setting

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