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US Fed official warns of inflationary risk of over-consumption

By Inquirer - 9 months ago
WASHINGTON, United States  —A senior Federal Reserve official said Thursday that the US central bank will likely start cutting interest rates “at some point this year,” but warned against the potentially inflationary effect of over-consumption. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back our policy restraint later

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