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Washington (AFP) - A senior official at the US central bank said Friday that she doesn't expect any interest rate cuts this year following a recent uptick in inflation. The US Federal Reserve has held rates at a 23-year high for months as it battles to bring elevated inflation back down to its long-term target of two percent. After easing significantly last year, inflation has accelerated once more since the start of the year, causing concern among Fed officials as they contemplate the right time to start lowering rates. "I, at this point, have not written in any cuts" for 2024, Fed governor...
AFP
Washington (AFP) - The US Federal Reserve's fight against inflation is far from over and it is "premature" to expect rate cuts around the corner, a senior US central bank official said Friday. The Fed recently held its key lending rate at a 22-year high and penciled in up to three rate cuts this year, as inflation has continued to ease toward its long-term target of two percent. As financial markets grew increasingly confident that rate cuts were coming as soon as March, Fed policymakers used recent public events to caution against starting the process of loosening monetary policy too soon, ...
AFP
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