Fed's Harker: No interest rate cuts will be considered until next year, rate hikes depend on inflation

2023/08/25 15:16

According to an interview with Bloomberg TV, Fed's Harker stated that they will not consider cutting interest rates until next year. The Fed must lower the inflation rate to 2%. The Fed is in a tight position and needs to continue to exert pressure. If the process of falling inflation stagnates, they may call for an interest rate hike, but currently do not believe that further interest rate hikes are necessary. 

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