Fed Expected to Raise Rates Again
Qiyas summary
Minneapolis Fed President anticipates two additional interest rate hikes.
Translated by Qiyas from النهار — Original source
Nellie Kachkar, President of the Federal Reserve Bank of Minneapolis, expects the Federal Reserve to implement one additional interest rate hike this year and another next year, with the possibility of revising these projections based on new economic data. He added that inflation remains above the desired level, expressing hope that the Fed can curb price growth through modest adjustments in monetary policy. Kachkar noted that the boom in spending related to artificial intelligence is not the sole driver of U.S. economic growth, pointing to the strong performance of broad sectors of the economy.
