TechFlow News, April 7: John Williams, President of the Federal Reserve Bank of New York, stated that the impact of the Iran conflict will push up overall inflation, with inflationary factors stemming from the conflict directly reflected in headline inflation data. Considering energy-related factors, inflation is expected to be around 2.75%. The current focus remains on headline inflation, while core inflation has remained largely unchanged. Tariffs continue to be a significant driver of inflation, and headline inflation is expected to ease later this year. Monetary policy is currently in a favorable position, allowing for a wait-and-see approach. Interest rates are currently at an appropriate level, though adjustments can be made if necessary. The labor market situation is quite complex, characterized by both low hiring and low layoffs. (Jinshi)
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