Federal Reserve Powell has said a big no to rate cuts in 2023 as the battle against stubborn inflation is on and will remain in effect till US inflation gets restored to desired levels. However, his commentary remained to favor extremely less room for a further rate hike. Therefore, the time has ripe now as the Federal Reserve will maintain these higher rates for a longer period.
In spite of the absence of more rate hikes, US inflation will continue to remain under pressure as US banks will tighten their credit conditions for businesses and households to safeguard themselves from delinquency. In his commentary, Federal Reserve Powell cited that US banking is sound and resilient but lends would remain cautionary while disbursing advances. This would cool off heated demand, the scale of economic activities, and inflationary pressures.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن