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Fed Chair Powell says interest rates are ‘likely to be higher’ than previously expected

Por: Fox Business Business March 07, 2023

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The Senate Banking Committee holds a hearing. Federal Reserve Chairman stressed on Tuesday that central bank policymakers are prepared to raise interest rates higher than previously expected and pick up the pace of increases in the face of hotter-than-expected economic data. The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,... + full article



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