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Fed's Powell says still appropriate to raise interest rates by 25 bps in March

Tiger Newspress2022-03-02

Federal Reserve chair Jerome Powell said he is inclined to support a 25 basis point rate increase at the March policy meeting but said the central bank is prepared to move more aggressively later if inflation does not abate as expected.

"I’m inclined to propose and support a 25 basis point rate hike," Powell testified before Congress on Wednesday about the Fed's upcoming March meeting. He added that the central bank is "prepared to move more aggressively by raising the federal funds rate by more than 25 basis points" at one or more meetings if inflation does not come down later this year as expected.

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POWELL: POSSIBLE TO HAVE MORE THAN ONE RESERVE CURRENCY

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Comment230

  • LimLS
    ·2022-03-03
    Chances of 25 basis points hike in Mar is very high since Fed is determined to start the hike on March. The much higher inflation numbers had put great pressure on them and they can no longer delay it.
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  • WaiSiong81
    ·2022-03-03
    👍
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  • RW5
    ·2022-03-03
    O
    Reply
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  • Jess261
    ·2022-03-03
    okay
    Reply
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  • vaicrazy
    ·2022-03-03
    Good
    Reply
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  • CubTrader
    ·2022-03-03
    Coming
    Reply
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  • SCLIEW
    ·2022-03-03
    666
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  • Mindthink
    ·2022-03-03
    Ok
    Reply
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  • ZenInv
    ·2022-03-03
    The man has spoken
    Reply
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  • Newbie_21
    ·2022-03-03
    OK. As expected. 
    Reply
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  • Williamw
    ·2022-03-03
    Ok
    Reply
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  • ECHP
    ·2022-03-03
    ok
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  • Goupppppppp
    ·2022-03-03
    So bull?
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  • Geoz88
    ·2022-03-03
    Like 
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  • PearlynCSY
    ·2022-03-03
    US instigating the Ukraine crisis to strengthen her superpower status and to save her economy from more than $30 trillion national debt. It will also greatly benefit her defence industry as she continues to sell more weapons. Now, U.S. wants to send more troops to Europe and Asia to contain Russia and China. US is happy as long as the battlefield is not on homeground. And she will continue to abuse the USD as global reserve currency and export her sky high inflation to the rest of the world. Typical US hegemony
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  • Zlatan
    ·2022-03-03
    K
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  • CL777
    ·2022-03-03
    ExpectEd
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  • TSY123
    ·2022-03-03
    Ok
    Reply
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  • K74
    ·2022-03-03
    Okay
    Reply
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