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St. Louis Federal Reserve President Alberto Musalem said on Thursday the US central bank will need to hike interest rates again to bring inflation back to its 2% target, although he declined to say what policymakers should do at their meeting later this month.
Chronology
Fed's Musalem says tighter monetary policy needed to lower inflation
St. Louis Federal Reserve President Alberto Musalem said on Thursday the US central bank will need to hike interest rates again to bring inflation back to its 2% target, although he declined to say what policymakers should do at their meeting later this month.
Reduced historical snapshot.
Earlier on MacroDigest
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- Fed’s Waller signals further rate hikes as inflation stalls, AI spending drives up costs
- A Top Fed Official Casts Further Doubt on a Rate Rise This Month
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- Fed minutes coming tomorrow could give markets important clues about future rate hikes
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- Former Fed official favors waiting on another hike as inflation and jobs data soften
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- Fed minutes preview: one more hike guidance meets softer data as October odds fade
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- Fed, ECB Minutes to Show Inflation Fears as Hike Bets Fade