© Reuters.
Investing.com – Federal Reserve Member Raphael Bostick is speaking now amid market expectations that he will raise interest rates aggressively to combat skyrocketing inflation.
The most important points included:
– The Fed still has “a long way to go” to raise the rate.
A final rate hike will be necessary if the economy shows more strength.
– The most likely scenario is that a rate hike will cause the economy to slow down strongly.
markets now
The American is now rising strongly, after falling yesterday. The dollar’s rise is fueled by expectations of a rate hike, which led to a strong rise in yields and a deepening inversion of the yield curve between two- and 10-year notes.
With the rise in returns, the day is witnessing a decline, and the markets remain in a state of anticipation for the important data expected this month.
