US inflation fight can’t afford Federal Reserve to lose its nerve now

Quick Summary:

If the Fed cuts interest rates after making progress on bringing down consumer prices, it will lose its hard-earned inflation-fighting credentials.

Giving in to outside political or economic pressure to ease up would put at risk significant gains that have already been achieved.

Credit card debt is poison, with interest rates often exceeding 20 per cent.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Barry Wood

Category: Business

Markets: Hong KongOmanUnited States

Topics: Higher Federal Inflation Rate Money Rates Zero Economy Interest Reserve Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-09-17 @ 20:30:14 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 972 words

Reading Time: 6 minutes read

Sentences: 55 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 14602427

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 19 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 7 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions