U.S. inflation becomes too "sticky" for Fed to bring it down: Turkish analyst

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U.S. inflation becomes too "sticky" for Fed to bring it down: Turkish analyst

STORY: U.S. inflation becomes too "sticky" for Fed to bring it down: Turkish analyst DATELINE: Oct. 18, 2023 LENGTH: 00:01:14 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst with the Turkish broadcaster Ekoturk 2. SOUNDBITE 2 (Turkish): MURAT TUFAN, Analyst with the Turkish broadcaster Ekoturk 3. SOUNDBITE 3 (Turkish): MURAT TUFAN, Analyst with the Turkish broadcaster Ekoturk 4. SOUNDBITE 4 (Turkish): MURAT TUFAN, Analyst with the Turkish broadcaster Ekoturk STORYLINE: Murat Tufan, an analyst with Turkish broadcaster Ekoturk, told Xinhua in a recent interview that inflation in the United States has become "sticky" due to many factors and that the Federal Reserve's interest rate policy has been insufficient to bring it down. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst with the Turkish broadcaster Ekoturk "Jerome Powell's (Federal Reserve Chair) rate hikes have reduced inflation to some extent, but inflation fluctuating around 3.5 and 3.8 percent is not

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