Cleveland and Boston Federal Reserve presidents both reinforced the Central Bank 's message of higher-for-longer interest rates, saying they need further evidence of cooling inflation before the Fed moves forward with rate cuts.All right, more fed speak coming up today, reinforcing the central bank s the message of higher for longer interest rates high for longer interest rates.
So some differing views within the Federal Reserve on just how long rates will need to be held higher for longer. Ukrainian servicemen operating a howitzer in Kharkiv region near the Russian border work around the clock to stop an incursion by Moscow's troops, and they are finally getting the shells to do it. Ukraine's defenders were hamstrung for months by shortages of artillery shells and other weapons as U.S. Congress held up billions of dollars worth of military aid.
Source: Loan Digest (loandigest.net)
Fed Central Bank Jennifer Schonberger Cleveland
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