US Treasury warns against rate hikes during US-Iran war energy shock
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US Treasury Secretary Scott Bessent urged the Federal Reserve not to hike interest rates during the energy supply shock caused by the US conflict with Iran, noting the underlying US economy remains strong. Meanwhile, CME FedWatch forecasts an 89.4 percent chance of rates rising to 4.00–4.25 percent at the December 9 meeting, with current rates at 3.75 to 4 percent.
Continue in the app — vote & join in ➔Source: Al Jazeera English · via ahirlevel.hu