Navigating the Path Ahead: Unveiling the Fed's Inflation Fight and Future Steps
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Watch: The next steps in the Fed’s inflation fight
Encouraging signs of cooling inflation are beginning to emerge as the Federal Reserve inches closer to its 2% target, but the rising threat of recession is looming. ING's James Knightley says there are a couple of key data points to watch over the month ahead for more clarity on what could be next for the US economy.
A hawkish hold and the next steps in the Fed’s inflation fight
A hawkish hold, signals of further rate hikes still to come and a clear determination to stamp out inflation once and for all accompanied the Fed's decision to leave interest rates unchanged at this week's meeting. Market expectations for where the US economy could be heading are moving in a very different direction from those of the central bank – so where next?
