Fed's Bowman: Inflation has come down but is still too high

<ul><li>What has been somewhat surprising, however, is that the relative strength in goods spending has persisted, rather than reverting to its pre-pandemic trends</li><li>This pattern we see in the U.S. is also unusual relative to other advanced economies, where the composition of goods versus services spending appears to have returned to historical norms</li><li><a href="https://www.federalreserve.gov/newsevents/speech/bowman20231018a.htm" target="_blank" rel="nofollow">Full text</a></li></ul>

This article was written by Adam Button at www.forexlive.com.