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Feds Bowman: Further interest rate increases likely appropriate with inflation still high

Feds Bowman: Further interest rate increases likely appropriate with inflation still high
A second Fed governor is speaking. FOMC member Bowman is on the wires saying:Further interest rate increases likely appropriate with inflation "still too high."Fed policy will need to be held at a restrictive level "for some time" to return inflation to 2% "in a timely way."Continued risk of further increase in energy prices could reverse some of the recent progress on lowering inflation.Economy still growing at a "solid pace," with robust consumer spending and solid job gains.Bank lending stand... Read More
Posted: Sep 22 2023, 14:33
Author Name: forexlive
Views: 102141

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