{"id":89813,"date":"2023-09-22T19:34:00","date_gmt":"2023-09-22T15:34:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=89813"},"modified":"2023-09-22T19:36:18","modified_gmt":"2023-09-22T15:36:18","slug":"feds-bowman-further-interest-rate-hike-likely-to-combat-high-inflation","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-bowman-further-interest-rate-hike-likely-to-combat-high-inflation\/09\/22\/market-updates\/","title":{"rendered":"Fed&#8217;s Bowman: Further interest rate hike likely to combat high inflation"},"content":{"rendered":"\n<p>Further interest rate increases will likely be appropriate, with inflation still being too high, Federal Reserve Governor Michelle Bowman said on Friday, per Reuters.<br><br>Bowman\u2019s comments failed to trigger a noticeable market reaction and the US Dollar Index was last seen posting small daily losses at 105.36.<br><br><strong>Key Quotes<br><\/strong><br>&#8220;Fed policy will need to be held at a restrictive level for some time to return inflation to 2% &#8216;in a timely way.&#8221;<br><br>&#8220;The economy is still growing at a solid pace, with robust consumer spending and solid job gains.&#8221;<br><br>&#8220;Continued risk of a further increase in energy prices could reverse some of the recent progress on lowering inflation.&#8221;<br><br>&#8220;Bank lending standards have tightened but there is no sign of a sharp contraction of credit that would significantly slow the economy.&#8221;<br><br>&#8220;Expecting progress on inflation to be slow under current conditions, suggesting the need for even tighter policy.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Further interest rate increases will likely be appropriate, with inflation still being too high, Federal Reserve Governor Michelle Bowman said on Friday, per Reuters.Bowman\u2019s comments failed to trigger a noticeable market reaction and the US Dollar Index was last seen posting small daily losses at 105.36.Key Quotes&#8220;Fed policy will need to be held at a &hellip;<\/p>\n","protected":false},"author":13,"featured_media":55407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,7664],"class_list":["post-89813","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-interest-rate-hike"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=89813"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89813\/revisions"}],"predecessor-version":[{"id":89859,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89813\/revisions\/89859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/55407"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=89813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=89813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=89813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}