"Fed Whisperer": Rate cut talks are nearly over, and the Federal Reserve is now seriously considering a rate hike
Odaily reported that "Federal Reserve mouthpiece" Nick Timiraos stated that Federal Reserve officials have almost stopped discussing the question that has dominated policy debates for the past two years—whether they should cut interest rates—and instead began to more seriously consider the opposite direction at last month’s meeting: whether a rate hike might be necessary. Minutes from the April policy meeting showed: "Most participants emphasized that if inflation continues to persist above 2%, further tightening of policy could become appropriate." The April meeting was the last chaired by Powell as Federal Reserve chair, and these minutes underscore how the Middle East conflict has reshaped the outlook of the interest rate decision committee. Walsh will take over the committee after being sworn in at the White House on Friday. (Golden Ten Data)
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