Reported 4 months ago
According to Stifel's chief economist Lindsey Piegza, the Federal Reserve's cessation of interest rate increases in July 2023 may not have been adequate, resulting in persistent high inflation levels in the U.S. Piegza argues that the Fed's emphasis on achieving a soft landing led to insufficient tightening, preventing a return to price stability. She believes that further rate hikes might be necessary to address the ongoing inflation issue, despite market expectations of rate cuts earlier in the year.
Source: YAHOO