More interest rate hikes are likely to be needed to reduce inflation in the US
According to the economic group Iran is an economist From the Bloomberg website, Marie Daly said in her speech at Princeton University in New Jersey on Saturday: It is clear that more work needs to be done. In order to get through this period of high inflation, it will probably be necessary to intensify contractionary policies for a longer period.
The economist said that inflation in all sectors (goods, housing and other services) is still high and the uneven nature of the received data paints a murky picture for the acceleration of deflation.
The Federal Reserve (the central bank of the United States) has sharply increased its contractionary policy in the past 12 months, raising its benchmark rate for bank interest from near zero to a target range of 4.5 to 4.75 percent; Of course, policy makers have recently slowed down the pace of rate hikes.
