Federal Reserve's Harker: November inflation data may be distorted, neutral interest rate could be higher

ChainCatcher News, according to Golden Ten Data, Federal Reserve's Harker stated that the positive inflation data in November may have been distorted due to data collection issues caused by the government shutdown, leading to an underestimation of the 12-month price growth. Although the Bureau of Labor Statistics reported a 2.7% year-on-year increase in November CPI, the adjusted estimate is closer to 2.9% or 3%. Harker believes that the neutral interest rate level may be higher than generally expected, and the economy is expected to maintain robust growth next year.