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Fed’s Musalem Says More Rate Hikes Likely Needed to Cool Prices
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsInflation
St. Louis Fed President Alberto Musalem said additional interest-rate increases may be necessary to bring inflation back to the Federal Reserve's target. He added that policy may remain stimulative even after the latest rate hike, reinforcing a hawkish outlook that could pressure rate-sensitive assets and lift Treasury yields.
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