The U.S. Federal Reserve says although the rate of inflation is arrested, they are not prepared to declare victory; the central bank says there is still a far way to go.
Jerome Powell, Chair of the Federal Reserve, says more time is needed before the overall taming effect is felt throughout the economy.
Consequently, additional rate hikes may be necessary going forward.
However, many investors do not share the same sentiments as Mr. Powell.
The central bank’s current round of rate hikes began last March.
Support The Readers Bureau. Buy A T-Shirt Today (4 different colors)! click https://www.bonfire.com/one-love-72/?fbclid=IwAR2bod-XSyrCPutOwG_SMnKiInk6Bqe2kCtjBsAFISqHluQcujrF2UUkFew
Readers Bureau, Contributor
Edited by Jesus Chan
Do you want to add feedback to this story?
Please add a comment in the box below or send an email to email@example.com. Call us at 646-874-7976. SUBSCRIBE CLICK https://www.youtube.com/c/yvadbillingsreadersbureau