Philadelphia Fed's Paulson Signals More Rate Hikes Ahead to Fight Inflation

Anna Paulson of the Philadelphia Fed stated that she and her colleagues anticipate needing to implement "modest" interest rate hikes in the near future. The policymaker emphasized that these moves are crucial to effectively tame persistent inflation and guide it back towards the central bank's target. Such hawkish signals from the Fed could strengthen the US dollar, potentially putting downward pressure on international gold prices and influencing USD/PKR dynamics.

بحوالہ / Source: www.cnbc.com