Inflation data is improving, a Fed official says
A Fed official’s comments suggest inflation data is improving. The official’s views echo those of another Fed official, who argued that shocks from tariffs and oil should pass.
The official is not a voter this year, but their comments carry weight as a sentiment signal. They may reinforce the market’s move toward pricing out a hike rather than pricing one in.
The comments add to a week of divided views within the Fed, with some officials arguing that policy needs to tighten now. The market will watch for whether other officials echo these views before the next inflation print.