Fed’s Kashkari Says Inflation Still “Much Too High” as Energy Shock Spreads

Asian stocks retreated following fresh US strikes on Iran, with markets also anticipating the upcoming PCE inflation data.

Fed's Goolsbee warned that an oil shock could exacerbate the inflationary impulse from AI hype.

Fed's Jefferson stated that policy is well positioned despite rising inflation risks.

Fed's Goolsbee highlighted persistent energy inflation, linking it to the impact of the Iran war.

Fed's Cook stated that inflation risks are rising and is prepared to hike if needed.