UN Warns Fed to Cool Rate Hikes
October 3, 2022 by secret
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[ad_1] Key Takeaways A UN agency has urged the U.S. Federal Reserve to slow the pace at which it is raising the federal funds rate. The Fed has been authorizing steep rate hikes throughout 2022 in an effort to combat rampant inflation. The UN report argues that poor countries will suffer disproportionately as a result