Fed's Paulson signals further gradual interest rate hikes to curb inflation
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Federal Reserve Bank of Philadelphia President Anna Paulson said on Tuesday that further interest rate increases are needed to curb inflation.
- ✓She noted that a gradual approach helps the economy adjust to higher costs.
- ✓Markets now expect another rate hike during the Fed’s December 8-9 policy meeting to fight prices.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 8 Minute(s)
- Market Focus
- India Economy
Synopsis
Federal Reserve Bank of Philadelphia President Anna Paulson signals support for further interest rate hikes to curb persistent US inflation, which remains above the Fed’s 2% target. Strong October CPI data, resilient employment and rising price pressures reinforce expectations of monetary tightening, with markets anticipating additional increases in December.
Listen to this article in summarized format
Loading...
×
Federal Reserve Bank of Philadelphia President Anna Paulson said on Tuesday that further interest rate increases would be needed to bring inflation back to the central bank's 2% target, signalling support for a continued tightening of monetary policy, Reuters reported.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
The Economic Times
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.