Federal Reserve Governor Christopher Waller said on July 14 that recent increases in core inflation have been broad-based rather than concentrated in a few categories. He said inflation pressure is not limited to isolated areas of the economy. Waller also said the Federal Open Market Committee, or FOMC, may need to consider raising interest rates in the near term. The remarks point to a firmer policy stance as officials assess inflation trends. The comments were cited by BlockBeats.
Federal Reserve Governor Christopher Waller said on July 14 that recent gains in core inflation have been fairly broad, with price pressure not confined to a handful of sectors.
Waller also said the Federal Open Market Committee, or FOMC, may need to consider a rate hike in the near term, according to BlockBeats.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
