Fed Affirms Inflation Resolve, Pushes Back Against Rate-Cut Bets

Fed Affirms Inflation Resolve, Pushes Back Against Rate-Cut Bets

Business
January 4, 2023 by secret
175
[ad_1] (Bloomberg) — Federal Reserve officials last month affirmed their resolve to bring down inflation and, in an unusually blunt warning to investors, cautioned against underestimating their will to keep interest rates high for some time. Most Read from Bloomberg Going into the meeting, markets were pricing in rate cuts in the second half of