17 Hrs
Source:
اقتصاد سكاي نيوز عربية
Fed Member: More hikes needed to lower inflation
The President of the Federal Reserve Bank of St. Louis, Alberto Ḿusalim, stated that bringing inflation down to the target of 2% will require further interest rate hikes, emphasizing the need for additional monetary policy tightening. He clarified that the upcoming meeting in late October will require new decisions, as there is no intention to make any pre-emptive moves, indicating that the rate hikes will continue to combat rising inflation.
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