Fed policy makers seen taking a step toward interest rate hike expected in March4 min read . Updated: 23 Jan 2022, 05:43 AM IST
- Financial markets in the coming week will get another read on US inflationary developments
- A separate report is expected to show that US economic growth accelerated at the end of 2021, fueled mostly by a pickup in inventories and a modest gain in consumer spending
Jerome Powell and his fellow Federal Reserve policy makers are expected to signal their first interest-rate hike since 2018, paving the way for a March move as the U.S. central bank tries to extinguish red-hot inflation.
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