Fed officials say inflation data may be consistent with the economic conditions in April

According to ChainCatcher, Mr. Barkin – a official from the U.S. Federal Reserve (Fed) – stated that current inflation data may not fully reflect the true state of the economy. The reason is due to delays in data collection and aggregation, as well as recent economic fluctuations not yet clearly reflected in official indicators.

Mr. Barkin emphasized that it will be around April before inflation figures are likely to provide a more comprehensive and accurate picture of price trends, consumer demand, and the impact of monetary policy. This implies that the Fed may adopt a more cautious approach in decision-making, especially regarding interest rates, until reliable data is available. This statement also highlights the risk of markets or investors making premature assessments based on incomplete data.