Fed Evans: Inflation still unacceptably high, rates to rise to 3.5% by year end

Chicago Fed President Charles Evans said today’s CPI data was the first “positive” reading since Fed started tightening. Yet, inflation is still “unacceptably” high”. He expects Fed to continue to raise interest rate to 3.25-3.50% by year end, and to 3.75-4.00 by the end of next year. Evans was optimistic that the economy will “continue […]

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