Fed seen sticking with higher interest rate despite cooler inflation ...Qatar

Economists largely stuck to their forecasts that the Federal Reserve will raise interest rates to 5% by March and hold them there for most of 2023, even after inflation slowed last month by more than forecast. The Federal Open Market Committee will raise rates an additional percentage point over the next several meetings to confront inflation near a 40-year high, according to a Bloomberg survey of 65 economists that took place November 4-11. The economists kept their view of the Fed’s policy path despite a surge in markets following an unexpectedly large slowdown in price gains in October. Officials got a bit more good news on Tuesday after Labor Department data showed US producer price gr

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