Fed officials aren’t easing Wall Street’s nerves.
Some Fed officials have sounded a little more optimistic about inflation recently, (after the Consumer Price Index for April finally provided some welcome news.) Some Fed officials have sounded a little more optimistic about inflation recently, after the Consumer Price Index for April finally provided some welcome news. Joshua Some officials at the Federal Reserve said they’re no longer worried about inflation reaccelerating, after data showed that progress stalled in the first quarter. Optimism spurred by the latest inflation data pushed all three major stock indexes to new record highs. But now Wall Street, eager for rate cuts, is on edge again. That’s because minutes from the central bank’s The latest policy meeting was released showed that “various” officials said they would be willing to raise interest rates if necessary and that there were doubts as to whether financial conditions are restrictive enough to keep inflation from resurging. Moreover, the Fed minutes seemed to outweigh comments from Fed Governor Christopher Waller, a key messenger of monetary policy moves, who told CNBC in an interview Tuesday that the Fed could cut