BBCNEWS Asia July 5, 2024
during his press conference. with us inflation running still well above the bank's 2% target, it'sjob is not yet done. i think, as anyone can see, not a single person on the committee wrote down a rate cut this year, nor do i think it is at all likely to be appropriate if you think about it. inflation has not really moved down. it has not so far reacted much to our existing rate hikes, and so we're going to have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday's decision ushers in a new phase in the fed's...
Source: archive.org
