Cleveland Fed President Beth Hammack Mentions Need for Tightening Policy to Curb Inflation
- 1Cleveland Fed President Beth Hammack said tight monetary policy may be necessary to lower inflation.
- 2The year-on-year increase in the August Personal Consumption Expenditures (PCE) price index recorded 3.4%.
- 3Traders showed an almost 88% probability of a rate hike at the Fed's final meeting of the year in December.
So what's the key point?
It was mentioned that policies to tighten the money supply may be needed to stop prices from rising. Experts see an 88% possibility of interest rates being raised at the final meeting of the year.
Source CNBC · View original ↗
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