At an event overnight, Kansas City Fed President Jeff Schmid warned that price increases have become “more widespread”, with 80% of inflation categories rising, compared with 70% earlier this year. He called the trend “worrying,” indicating that underlying inflation pressures remain entrenched. Schmid said he sees a “relatively muted effect” from tariffs on inflation, but […]The post Fed’s Schmid warns inflation broadening, despite muted tariff effects appeared first on Action Forex.