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Fed's Bowman: Interest rates may need to rise further
Inflation remains well above the FOMC's 2% targetJob market remains tightThis suggest policy rate may need to rise furtherAnd stay restrictive for some time to return inflation back to target goalThe headline is mainly to keep the option on the table but unless we get to the point where inflation proves much stickier than anticipated, then perhaps they may look for one more rate hike. Her full speech can be found here. This article was written by Justin Low at www.forexlive.com...
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Posted: Oct 11 2023, 08:16
Author Name: forexlive
Views: 112515