Dudley: Inflation Firming But Should Subside Later

Federal Reserve Bank of New York president William Dudley Thursday reiterated that headline inflation is higher than policymakers would like and is likely to firm further in coming months, but added that those levels are likely to subside.

“The rise in commodity prices over the past year probably will push up headline inflation further in the next few months,” Dudley told an audience at the State University of New York at New Paltz.

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