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Fed's Daly says more rate hikes needed, dismisses 'pivot' talk

Por: MarketWatch Politics October 05, 2022

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“Remember, this is all about bringing demand – which is very strong – back in line with supply and bringing inflation down,” Daly added. She said the central bank was data dependent and she hasn’t made a decision about what she wants the central bank to do at its next meeting in early November. The Fed has lifted its benchmark rate at an historic pace this year – raising the rate by 300 basis points from close to zero in March. At... + full article



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