Fed Wont Rule Out Future Interest Rate Hikes
Tecnologia Fed não descartará futuros aumentos nas taxas de juros 15 minutos atrás Notícias do Bitcoin Ethereum Federal Reserve (Fed) chair Jerome Powell confirmed the bank will continue fighting inflation by increasing the US interest rate. Powell was speaking at the Jackson Hole Symposium in Wyoming. According to Bloomberg, the central bankers speech was tinged with a hint of hawkishness. “We will proceed carefully,” Powell said of the decision to raise or pause interest rates. He added that food and energy prices remain volatile and that inflation remains too high despite progress in the last 17 months. Bitcoin Spikes as Central Bank Targets Softer Economy “Although inflation has moved down from its peak – a welcome development – it remains too high.” To get inflation back to 2%, the economy will need to undergo a period of sustained below-growth trend and a softer labor market, Powell said. Despite an initial decline, the cost of shelter is rising, which could affect future rate decisions. “Given how far we have come, at upcoming meetings, we are in a position to proceed carefully as we assess the incoming data and the evolving outlook and risks.” Want to learn how to be immune to the Feds inflation policy？ Find out here how cryptocurrencies can
