Those remarks align her with Fed Chair Jerome Powell, who said last week that he and his policy making colleagues at the central bank are “strongly committed” to taming inflation, which remains near a 40-year high. His words caused investors to increase expectations for a third straight hike of three-quarters of a percentage point at the Fed’s September 20-21 policy meeting.
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This strength is underpinned by robust domestic demand, a sustained capex cycle, and relatively limited exposure to global shocks compared to developed markets.
December 9, 2024