A senior official from the US Federal Reserve has stated that interest rates may need to remain higher for a longer period in order to effectively reduce inflation. Despite multiple rate hikes since March 2022, inflation remains above the target of two percent. The official emphasized the importance of holding rates at a sufficiently restrictive level to achieve the desired goals, with the decision being guided by incoming data.
from News-Economic Times https://ift.tt/T3GQpWn
US Fed official says high interest rates likely for 'some time'
Related Posts:
India-UK joint exercise: F-35B fifth generation fighter aircraft takes off in Arabian Sea near Mumbai- L&T to invest up to Rs 5,000 crore to implement and adopt green energy, achieve carbon neutrality by 2035-2040
- Zee vs Invesco: HC asks Zee to call EGM, assures on allowing time to contest outcome
- India among 11 'countries of concern' on climate change for US spy agencies
- Supreme Court asks Unitech Group and Suraksha ARC to sit and resolve dispute over claims
0 Comments:
Post a Comment