The Federal Reserve appears to be more concerned about inflation than previously anticipated, according to statements made by several officials on Thursday. This follows assurances from Fed ChairJerome Powell, who stated this week that recent inflation figures did not ‘materially change’ the overall picture and that it will most likely be appropriate to begin lowering rates. Markets witnessed a sharp reversal at around 1:30 p.m. Thursday, on growing uncertainties about the likelihood of imminent rate cuts. Fed Speakers Dash Hopes On Rate Cuts, Chill Markets Richmond Fed PresidentTom Barkin int…
