Has the connection between a vigorous job market and high inflation broken down?
``It would be very premature to declare victory," Powell says
A downshift in rate increases is fueling enthusiasm on Wall Street that hikes will soon stop
Prices up 5% year over year, consumer spending down 0.2% from November
Sooner or later, someone has to blink
However, interest rates must remain elevated "for some time," Brainard said
Mester's comments are notable because she is among the more consistently hawkish members
Prices down 0.1% month over month as cost of gas, used autos decline
As inflation eases, optimism rises
The global lender slashed its forecast for global growth this year by nearly half to just 1.7%