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المشهد العربي
Kansas City Fed Signals Rate Increase
Jeffrey Schmid, President of the Kansas City Federal Reserve Bank, expressed his inclination to raise interest rates to combat persistent inflation, explaining that current interest levels are accommodative and allow for unrestricted economic movements. He emphasized that inflation remains stubborn, with energy prices rising due to the conflict in the Middle East and increased domestic demand for data centers, in addition to 20% to 30% increases in agricultural commodity prices, all signaling a new inflationary pressure. This has led to a proposal to reduce the number of Federal Open Market Committee meetings from 8 to 6 annually, in order to enable policymakers to assess economic data more accurately.
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