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Fed's Paulson Says 'Modest' Further Tightening May Be Needed
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsInflation
Philadelphia Fed President Anna Paulson said modest further policy tightening may be warranted to ensure inflation returns to the Federal Reserve's 2% target. The hawkish comment signals a potential for higher-for-longer interest rates, creating a modest headwind for rate-sensitive assets.
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