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07-01-2022, 07:06 AM
PUBLISHED JAN 6, 2022, 1:11 PM SGT
MCLEAN, VIRGINIA (BLOOMBERG) - Federal Reserve officials are preparing to move faster than their previous round of tightening to keep a high-inflation and near-full-employment economy from overheating, leaving behind the gradualism that marked the central bank's approach in the prior decade.
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It comes after the 5.7 per cent annual increase in the Fed's preferred inflation gauge in November overshot officials' 2 per cent target for the ninth consecutive month
https://www.straitstimes.com/business/ec...rest-rates
MCLEAN, VIRGINIA (BLOOMBERG) - Federal Reserve officials are preparing to move faster than their previous round of tightening to keep a high-inflation and near-full-employment economy from overheating, leaving behind the gradualism that marked the central bank's approach in the prior decade.
......
It comes after the 5.7 per cent annual increase in the Fed's preferred inflation gauge in November overshot officials' 2 per cent target for the ninth consecutive month
https://www.straitstimes.com/business/ec...rest-rates
