Apart from the decline in wheat production, the agency expects an uptick in vegetable prices and stickiness in core inflation to cloud the outlook on inflation. It said the vegetables prices will begin to harden with the onset of summer and their contribution to CPI to turn positive, after two consecutive months of negative contribution.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend
October 1, 2026