A post by @FirstSquawk on X.
FED’S PAULSON SAYS SHE BACKED THE RECENT RATE MOVES AND THAT FURTHER “GRADUAL” RATE INCREASES ARE APPROPRIATE GIVEN HIGH INFLATION
@FirstSquawk on X
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Philadelphia Fed President Anna Paulson said she supported the central bank’s recent rate decisions and favors additional “gradual” rate increases to address elevated inflation. The remarks signal continued policy tightening from a Fed official, reinforcing expectations that borrowing costs will rise further. Traders will watch upcoming inflation data and Fed communications for confirmation of the pace and size of future hikes.
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Named in this story
Federal Reserve, Paulson