Fed Officials Flag Risk of Sticky Inflation

January's personal consumption expenditures (PCE) price index came in hotter than expected today, rising 5.4% from a year earlier vs. a 5% increase in December.

By Jonnelle Marte & By Craig Torres | February 28, 2023 at 03:18 PM

Photo: Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland.

Federal Reserve officials said inflation is too high and may take time to cool, even as fresh price data came in hotter than expected and new research suggests the Fed may need to raise interest rates as far as 6.5 percent.

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Fed Officials Flag Risk of Sticky Inflation

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1 Another Pension Plan Risk-Transfer Lawsuit: Lumber Firm Sued over Its $1.5 Billion Transfer to Athene Annuity

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