Fed's Stance On Inflation, Job Market Performance, And Peter Schiff Slamming Jerome Powell: Top Economic

　　The past week was a rollercoaster ride for the financial world, with the Federal Reserve‘s stance on inflation and interest rates taking center stage. The week also saw a cooling job market and renowned economist Peter Schiff’s critique of the Fed‘s policies. Here’s a quick recap of the top stories.

　　Feds High Interest Rates Need More Time: Bank of America

　　According to Bank of America‘s U.S. economist Michael Gapen, the Federal Reserve’s lack of confidence in reducing interest rates due to recent inflation surprises has led to a scenario of higher-for-longer interest rates. The focus now shifts to the Feds future policy actions, particularly regarding potential rate cuts.

　　Wall Street Braces for Hawkish Shift on Inflation

　　Investors are on edge as policymakers meet following a slew of higher-than-anticipated inflation readings that have dashed hopes for near-term interest rate cuts. The focus now shifts to the central bank's stance, specifically concerning the potential scope and timing of an anticipated rate-cutting cycle.