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Fed Officials Hint At More Hikes, And 'Buy Now, Pay Later' Platforms Are Booming: What Consumers Should Know

Benzinga LogoBenzinga2 mo ago

Fed Officials Hint At More Hikes, And 'Buy Now, Pay Later' Platforms Are Booming: What Consumers Should Know - Benzinga

Quick Summary:

By September 2022, the median FOMC participant projected that headline inflation would be 5.4% and core inflation would be 4.5% at the end of this year. 

As per recent data, Bullard says that “it would take a policy rate of at least 4.9% to exert downward pressure on inflation.” The current Fed Funds Rate stands at between 3.75% and 4%.

Related: Buy Now Pay Later Stocks, Like Affirm Plummet As Government Body Pledges Crackdown


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Article Details

Author / Journalist: Natan Ponieman

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-30 @ 22:16:24 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1021 (out of 6749 stories this day)

News Source URL: benzinga.com

Language: English

Article Length: 765 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 2067293

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 10 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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