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سرايا الإخبارية
Hammack Warns of Rate Hikes If Inflation Persists
The Chair of the Federal Reserve Bank of Cleveland, Janet Yellen, stated that the central bank may need to raise interest rates if inflation remains high without showing signs of decline, especially as the Personal Consumption Expenditures (PCE) index rose to 4.1% in May. She pointed out that inflation is not limited to the energy sector, which accounted for more than 60% of the monthly increase in the price index, with gasoline prices rising by 7%. Yellen emphasized that the persistent high inflation in core services remains concerning, amid increasing pressures from the artificial intelligence sector, and noted that there is disagreement within the Federal Reserve regarding the future direction of monetary policy.
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