chair to powell made clear during his press conference with us inflation running still well above the bank? 2% target, and itsjob is not yet done. figs and its job is not yet done. as an one and itsjob is not yet done. sis anyone can and itsjob is not yet done. is anyone can see, not a single person wrote down a rate cut this year, not i think it is at all likely to be appropriate if you think about it. inflation has not really down, it has not so far reacted much to our existing rate hikes, and so we re going to have to keep at it. ~ .,, we re going to have to keep at it. most officials think two rate heights it. most officials think two rate heights are it. most officials think two rate heights are needed . it. most officials think two l rate heights are needed this year, perhaps starting as early as this month. wednesday s decision ushers in a new phase to battle prices and follows a path carved out by central banks in countries such as australia and canada which rece
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has been, but flatter than it has been, but it is taking its lead from wall street which was also mixed. as they had heard the news from they had heard the news from the fed. that is because the us federal reserve has warned that more hikes might be coming later this year. from outside the federal reserve of washington, dc. from march of 2022, interest rates have gone up 2022, interest rates have gone up 5%, an enormous amount in a short period of time. on wednesday, policy inside her all agreed, wednesday, policy inside her allagreed, given wednesday, policy inside her all agreed, given its historic rate hike campaign, now is the time to take a break and give the economy time to adjust its actions, that have pushed up its cost of borrowing for things like mortgages, business loans and credit cards. the decision left the feds benchmark rate unchanged, and a range between 5% and five and a quarter %, range between 5% and five and a quarter%, but range between 5% and five and a quarter %