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Will Va News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CNN CNN News Central June 4, 2024 14:22:00

talking about the health of the economy and whether we could see another hike in interest rates. with us now, cnn chief business correspondent christine romans. congress gets to talk to jerome powell, and i get you in this scenario. what is the answer? the fed inflation fight is not over and he s explaining why last week it paused in the rate hike campaign, but the pause will not last. the fed saying all fomc committee members think it will be appropriate to raise interest rates somewhat further by the end of the year. that s your money bite by the testimony and inflation pressures continue to run too high and it will be a long way to go to get inflation down to 2% and that s why markets are down this morning because the fed is promising more interest rate hikes ahead. there have been ten and then there was that pause and we have a meeting coming up in july where people think the fed will va to raise interest rates again. the job market is strong and the economy is growing at a moder

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