Fed Member Calls for Rate Hike Before 2026
The President of the Federal Reserve Bank of Boston, Susan Collins, highlighted the necessity of raising interest rates again before the end of 2026 to control high inflation. She emphasized that the decision depends on economic data and market expectations, noting that the Federal Reserve raised the interest rate last month to the range of 3.75-4.00 percent, with expectations of another increase by the end of the year. According to her, additional measures are required to ensure inflation returns to the Committee's target of 2%, stressing that strong economic performance provides room to focus efforts on inflation.
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