hike
Washington (AFP) - After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance for 22 years despite recent signs of slowing inflation. After 10 consecutive hikes in just over a year, the Fed halted its aggressive campaign of monetary tightening last month to give policymakers more time to assess the health of the US economy, and the impact of recent banking stresses on lending conditions. In the weeks since, positive upgrades to economic growth and cooler inflation data have reinforced the likelihood ...
AFP
Washington (AFP) - A member of the US Federal Reserve's rate-setting committee said Thursday that she supported additional monetary tightening, as policymakers weigh more measures to rein in stubborn inflation in the world's biggest economy. The Federal Open Market Committee (FOMC) voted last month to pause its aggressive campaign of inflation-targeting interest rate hikes after 10 consecutive increases in order to give policymakers more time to assess the strength of the US economy. Alongside its decision to pause hikes, the FOMC also indicated that two more quarter percentage-point increase...
AFP
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