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المشهد العربي
Cleveland Fed urges rate hikes amid inflation
The article focused on the Federal Reserve Bank of Cleveland's calls to raise interest rates to combat persistent inflation, with its chair emphasizing that inflation remains close to 3% and that monetary policies need to be tightened. She pointed out that inflationary pressures have exceeded the target for over five years and that ongoing inflation above desired levels will make it more difficult to return to the normal range, with negative impacts on households and businesses. She also clarified that there are disagreements within the committee regarding the interest rate level, and that continued inflation above the target complicates efforts to control it and signals greater economic repercussions.
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