Investors looking for a bit of respite from inflationary pressures may find solace in Fed Chairman Jerome Powell's recent remarks following the central bank's February meeting.

At a press conference in the wake of that meeting, at which the Fed announced a 25 bps increase of the overnight rate, Powell said the "disinflationary process has started" — and that means the Fed will be under less pressure going forward to increase interest rates, according to Marcus & Millichap's John Chang.

Also important? Powell said he continues to think there's a path to get inflation below 2% without a significant economic decline or increase in unemployment.

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