Fed's Fisher Says No Sign U.S. Core Inflation Easing

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00015420-feds-fisher-says-no-sign-us-core-inflatio/

By Steve Barnes, Reuters

Dallas Federal Reserve President Richard Fisher on Thursday said core inflation was near the top of its acceptable range, echoing hawkish remarks he made earlier this week that signal more rate hikes to come.

“Readings on core inflation have been within the acceptable range of 1 to 2 percent, but they are edging closer to the upper end of the Fed’s tolerance zone, with little inclination to go in the other direction,” he told a lunch audience in comments very similar to a speech he gave on Tuesday.

For this complete story, please visit Fed’s Fisher Says No Sign U.S. Core Inflation Easing.

Fed's Fisher Says No Sign U.S. Core Inflation Easing

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