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بوابة الشروق
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Source: بوابة الشروق
23 Hrsبوابة الشروق
Source: بوابة الشروق
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The Chairman of the U.S. Federal Reserve, Jerome Powell, emphasized that there is a possibility of raising interest rates if inflation does not clearly and swiftly decline towards the targeted 2%. He noted that current inflation stands at 3.7%, with more than half of goods and services experiencing increases exceeding 3%, one of the highest levels in the past two decades. Powell predicted that short-term interest rates will remain the primary tool to control inflation, amid market expectations of an increase during the upcoming September meeting. This came alongside a rise in U.S. Treasury bond yields and declines in gold and American stocks, driven by expectations of tighter monetary policy.
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