WASHINGTON: It is "hard to imagine" the Federal Reserve not cutting interest rates next month, a senior bank official said on Monday (Aug 26), in the latest signal that many policymakers favour a cut. The Fed hiked its key lending rate to a two-decade high last year as it battled to control runaway inflation after the COVID-19 pandemic and return towards its long-term 2 per cent target. Although inflation remains slightly above target, the cooling US labour market has led many Fed policymakers

Tag-uri: Inflatie Coronavirus