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Fed's Powell: Process of getting to 2% inflation target has a long way to go

Fed's Powell: Process of getting to 2% inflation target has a long way to go
A strong majority of the FOMC expects it to be appropriate to hike rates two or more times by the end of the yearLabour market is very tightInflation is well above the goal currentlyExtent of effects from tighter credit conditions remains uncertainCannot take resilience of financial system for grantedit will take time for the rest of the economy to feel the full impact of rate hikes to dateIn case anyone's counting, there is still just four more Fed meetings to go for the year. The comments from... Read More
Posted: Jun 29 2023, 06:31
Author Name: forexlive
Views: 1022100

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