Friday, June 21, 2024

Inflation: The US Federal Reserve is ready to raise interest rates if necessary


Image copyright Reuters

  • author, Farah Masood
  • stock, Business letter

US Federal Reserve Chairman Jerome Powell said the bank would continue to raise interest rates “as long as appropriate” when inflation was “very high”.

And at the annual meeting of U.S. central bankers in Jackson Hole, Wyoming, Powell said the pace of rate hikes has slowed since the peak.

However, inflation is still above the central bank’s target of 2%.

Powell predicted that interest rates could rise further and remain high for a long time.

Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:


More like this

The Real Benefits of Being a VIP in the Online Casino Scene

Becoming a VIP can be a long process that...

The Evolution of Online Casino Bonuses: Trends and Future Predictions

Online casino bonuses have transformed from basic sign-up offers...

The best ways to protect your skin from sun damage in 2024

Caring for your skin is a healthy lifestyle that...

The easiest way to access the best UAE stocks

The most common way to invest in the UAE...