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Fed's Bowman over the weekend: Additional rate hikes will be needed

Fed's Bowman over the weekend: Additional rate hikes will be needed
Fed Governor Michelle Bowman spoke over the weekend and said:We should remain willing to raise rates at a future meeting if data show inflation progress has stalled.In considering further rate hikes and how long to keep rates restrictive, consistent drops in inflation will be looked for.Additional U.S. interest-rate increases will be needed.Monetary policy is not on a preset course.Slowing consumer spending and loosening in labor market conditions will be watched for.Recent decline in core infla... Read More
Posted: Aug 6 2023, 20:25
Author Name: forexlive
Views: 110666

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