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Federal Reserve's Schmid: Recent inflation data is encouraging, but it is still too early to draw conclusions
16/07/2026 17:51
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Svmuu News: Federal Reserve official Schmid stated that recent inflation data is encouraging, but it is still too early to draw conclusions. When formulating monetary policy, it is time to stop excluding food prices from core inflation measures. Inflationary shocks are not inherently temporary, and he does not agree that the Federal Reserve should ignore certain types of price increases.
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