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Fed insider says the Bank is not yet ready to declare victory over inflation

Fed 'whisperer' Nick Timiraos has a piece in the Wall Street Journal, and he clearly conveys the message that's it way to early to think the rate hike coming from the Federal Open Market Committee (FOMC) this week (the meeting is on Wednesday) is going to the final one. In brief:Uncertainty over the path of inflation later this summer makes it hard to predict the Federal Reserve’s next steps following a likely quarter-percentage point increase in interest rates this week. Some Fed policy makers... Read More

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Insider

Says

Bank

Ready

Declare

Victory

Over

Inflation

Forex

Posted: Jul 25 2023, 00:40

Author Name: forexlive

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