One and Done? That's the Big Question in Fed's Move
Dow Jones
1 hour ago
1435 ET - The big question now is whether the Fed rate hike is one and done or the beginning of another tightening cycle, according to TruStage's Steve Rick. "The Fed should give this increase time to work before determining how much additional restraint is necessary," Rick says. He thinks higher oil prices stemming from the continued conflict in the Middle East could keep inflation elevated, but warns monetary policy works with long and variable lags, and additional increases would put more pressure on consumers and businesses already facing elevated borrowing costs.
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