Fed's mouthpiece: The number of officials who believe inflation risks are leaning upwards has significantly increased
"Federal Reserve mouthpiece," Nick Timiraos stated that in September, 3 out of 19 Federal Reserve officials believed that the risks faced by core PCE inflation forecasts were biased upwards (if the forecast is wrong, it may be too low). Today, however, 15 or 19 officials believe that the risk of already upwardly revised core PCE inflation still leans towards an increase.
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