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    HomeNewsOpinionFederal Reserve hardens commitment to ‘higher for longer’ interest rates

    Federal Reserve hardens commitment to ‘higher for longer’ interest rates

    New projections and remarks from chair Jay Powell signal no near-term relief from elevated borrowing costs

    Financial Times
    ©The Financial Times Limited 2020 Sep 21, 2023 / 11:04 AM IST
    All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
    Jay Powell’s caveat that the Fed would proceed “carefully” with future rate decisions as well as looming economic headwinds has fuelled scepticism.
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