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St. Louis Fed President Musalem Mentions Need for Further Interest Rate Hikes Over Next 6-9 Months

TIKR ·

JPM JPMorgan Chase & Co
$332.99 +0.47%
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  1. 1St. Louis Fed President Alberto Musalem said interest rates should rise further over the next 6 to 9 months.
  2. 2The Fed raised the federal funds rate range to 3.75% to 4.00% in September.
  3. 3President Donald Trump criticized the Fed Board regarding the September rate hike.

So what's the key point?

The St. Louis Fed President said interest rates should be raised more over the next six to nine months. This is important news for investors because it means interest rates could go up further.

Source TIKR · View original ↗

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