4/12, 6:41 PM (Source: TeleTrader)
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CPI data showed core inflation slowdown - Fed's Brainard

Federal Reserve Board of Governors member Lael Brainard said on Tuesday that today's CPI data showed a "notable slowdown in core inflation" with a moderation in the price rise of core products. She added that labor participation increase has been "encouraging" in the last few months and anticipated demand moderating as supply chain constraints ease.

Brainard said the conflict in Ukraine is "a very important contributor to inflationary pressures," in particular in commodity prices, including nickel, fertilizer and oil. There will be "knock-on effects for global supply chains as Europe takes on board this large shock to natural gas prices," which can affect both demand and supply, she said. Meanwhile, China's zero-COVID lockdown policy "has the potential to lengthen out" some of the supply chain issues, including chip delays.

Baha Breaking News (BBN) / DJ