A member of the US Federal Reserve has stressed the need for Arab traders to raise interest rates

© Reuters US Federal Reserve member stresses need to raise interest rates

Arabictrader.com – US Federal Reserve Chairman James Bullard has warned of the risk of high inflation and the inability to control it and that the US Federal Reserve could raise interest rates if it does not raise interest rates. Out of control in this matter.

In an effort to stem the rise in the inflation rate, which has hit a 40-year high of 7.5% last year, Pollard called for a 100 basis point hike in interest rates by next July.

A member of the US Federal Reserve has stressed that 2022 could be the second year that inflation has been so high. That is why, in this scenario, the Fed should move faster and more aggressively than we do in other scenarios.

It is noteworthy that US Federal Reserve member Neil Kashkari, in previous reports, stressed that the bank would do what was necessary to restore equilibrium in the economy, and that some inflation would automatically disappear when the faint-hearted people return to buy. Services.

Kashkari noted that the US Federal Reserve could ease demand by raising interest rates and tightening financial conditions, but it would not solve supply side problems.

See the original article

Explanation of risks: Fusion Media I would like to remind you that the data on this website is not real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges but by market makers, so prices may be inaccurate and may differ from the actual market price, i.e. for marking and trading purposes only. Therefore Fusion Media will not be liable for any business losses incurred by you for using this data.

See also  Dubai showcases the most expensive home in the region, valued at $204 million

Fusion Media Or anyone associated with Fusion Media will not be liable for any loss or damage resulting from reliance on the information contained in this website, including data, quotes, charts and buy / sell signals. Be fully informed about the risks and costs associated with trading the financial markets, which is one of the most potentially risky investment forms.

  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    • Economy
    • November 2, 2024
    • 22 views
    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative…

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Where to Get a Professional Massage in Dubai

    Where to Get a Professional Massage in Dubai

    Dog Spay Surgery 101: Benefits, Risks, Cost, and Aftercare

    Dog Spay Surgery 101: Benefits, Risks, Cost, and Aftercare