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Fed's Musalem says more rate hikes likely needed to quell inflation

The Federal Reserve will likely need to hike interest rates further to lower inflation resulting from strong demand as well as a commodity price shock that has moved beyond oil, St. Louis Fed President Alberto Musalem said on Monday, adding that it would be better for the ‌US central bank to act sooner than wait.

Coverage (1)· Sep 21, 6:23 PM

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Reuters· Sep 21, 6:23 PMFed's Musalem says more rate hikes likely needed to quell inflation

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Prospect of Fed pulling too far back on communications poses volatility risk, Musalem saysToo big a pullback in the US central bank's communications could lead to higher and more volatile interest rates and inflation if the public and businesses are left to guess ‌how it would react to different economic developments, St. Louis Federal Reserve President Alberto Musalem said on Tuesday.

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