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Feds Jefferson: inflation is too high. Impact of hikes not fully felt
Fed's Jefferson is now speaking and says:inflation is too high and by some measures progress is slowing, but a year is not long enough to feel the full effect of interest rate hikes so farOutlook is not for recession, but growth has slowed considerablyExpect job growth to also decline and unemployment rate may riseEvidence so far points to only a modest incremental tightening of credit conditions to 2 recent bank stressRemains on certain how tighter credit will influence household and business s...
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Posted: May 18 2023, 13:07
Author Name: forexlive
Views: 111592