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Former NY Fed president: Rate hike in July may be last

Por: The Hill Politics July 13, 2023

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The former president of the New York Federal Reserve said he expects the Fed to raise interest rates at its meeting later this month, but it could be the last such raise for addressing the inflation that has been present in the wake of the COVID-19 pandemic.  Bill Dudley, who served in his for about 10 years, told Bloomberg Wednesday that the Fed should be cheering the that inflation fell from an annual rate of 4 percent in May to 3 percent... + full article



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