Fed signals further rate hikes, slow pace of monetary tightening ...Qatar

After having increased its benchmark interest rate by further three-quarters of a percentage point (0.75%) on July 27, the US Federal Reserve (Fed) has signalled further rate hikes and slow pace of monetary tightening.  Fed’s Federal Open Market Committee (FOMC) may impose another rate hike when it meets towards the last week of September. Fed chairman Jerome Powell noted at a recent news conference that another 0.75 percentage point rise in September “could be appropriate.” He, however, said future hikes would be guided by data, clearly indicating the US central bank would slow the pace of monetary tightening. The Federal Reserve enacted its second consecutive 0.75 percentage point interes

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