United States Fedral Reserve Chair Jerome Powell stated on Wednesday that the financial institution does not rule out rate hikes when asked about the possibility of a rate hike next year given inflation was “moving sideways.” “You don’t rule things completely in or out in this world, but that doesn’t appear to be a likely outcome,” the policymaker responded during a post-FOMC press conference. He additionally mentioned that the Federal Reserve was signaling fewer interest rate reductions in the upcoming year, along with a deceleration in the pace of these cuts. Nevertheless, the policymaker highlighted that “it’s pretty clear we’ve avoided recession” and affirmed that the US economy is doing “very, very well.” NN Audio file:
us treasury’s to watch over your money
