The Federal Reserve official highlights the possibility of distorting inflation data.

According to PANews, Federal Reserve official Hamerck indicated that the positive inflation data for November may be distorted due to data collection disruptions caused by the government shutdown in October and early November. These distortions may have led to an underestimation of price growth over the past 12 months. While the Bureau of Labor Statistics reported a year-over-year increase of 2.7% in the Consumer Price Index (CPI) for November, adjustments for measurement difficulties suggest that the figure may be closer to 2.9% or 3.0% overall.
Hamerck also expressed her concerns about interest rate cuts, emphasizing her belief that the neutral interest rate is higher than is generally believed. She pointed out that the economy has the potential to maintain strong growth until next year. Although the neutral rate cannot be directly observed, it can be inferred from economic conditions.
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