
US Federal Reserve chair Jerome Powell told reporters in December that the Fed is drawing ‘significantly closer’ to the end of its current easing cycle.
Photo: ANDREW CABALLERO-REYNOLDS / AFP
Source: AFP
Several senior US Federal Reserve officials raised concerns in December that the fight against inflation may have “stalled” in recent months, according to minutes of the meeting published Wednesday.
The central bank voted 11-to-1 last month in favor of cutting interest rates by a…
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