Fed Official Musalem Warns More Rate Hikes Needed
St. Louis Fed President Alberto Musalem stated that the US central bank will likely need to raise interest rates further. Strong demand and persistent supply shocks continue keeping inflation risks elevated above the two percent target.
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United States interest rates will likely need to rise further to combat sticky inflation driven by robust consumer demand and supply shocks, St. Louis Fed President Alberto Musalem said on Monday morning.
