BlockBeats News, December 19 — Federal Reserve Williams on Friday stated that certain “technical factors” may have distorted the November Consumer Price Index (CPI) data, leading to the figure being below the actual level. Williams said, “There are some special actual factors related to the difficulty in collecting data in October and the first half of November. Because of this, I believe that data in certain categories has been distorted, which may have pulled the CPI data down by about 0.1 percentage points.” Williams also mentioned that the U.S. economy is currently in a “good state” and hinted that he “will ultimately see” interest rates decline. However, he emphasized that he is not in a rush to adjust monetary policy. (Jin10)
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