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there was not a rate cut this year there was not a rate cut this year nor there was not a rate cut this year nor is there was not a rate cut this year nor is it likely to be appropriate if you think about it. inflation has not moved down it. inflation has not moved down and it is not reacted much to our down and it is not reacted much to our interview existing rate hikes to our interview existing rate hikes so to our interview existing rate hikes so we 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 battle to lower prices and follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants. earlier, i spoke with blerina u ....
Out of the financial system in the west. when you look at the data, the tightening in credit conditions has not been much more significant than before the banking crisis and we are not seeing the events of march play out into the real economy as a big shock. this was a special meeting for the f rmc where the revised their forecast and they told us in june that they had a better view of the economy going forward, their outlook for growth and the labor market is more optimistic than it was in march, and that s why i think they now share this collective view that they need to do more tightening in their policy. we have been tightening in their policy. we have been worried for some time about a recession in the worlds biggest economy, is that still a possibility? i biggest economy, is that still a possibility? biggest economy, is that still a possibility? i think you have to take that a possibility? i think you have to take that possibility - a possibility? i think you have to take th ....