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Fed’s Powell reinforces likelihood of more rate hikes because of persistently high inflation

Por: The Boston Globe Business June 23, 2023

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WASHINGTON — Chair Jerome Powell reiterated Thursday that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market.Speaking to a Senate committee, Powell noted that “inflation has moderated somewhat since the middle of last year.” Still, the Fed chair stressed, “inflation pressures continue to run... + full article



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