Market Talk: First Fed rate hike in three years no ‘panacea’ for inflation
Eric Diton, president and managing director of The Wealth Alliance, said that with “a lot of legitimate causes for inflation,” there’s “an expectation” that the Federal Reserve will issue another 25 basis point rate hike before year’s end. And if Fed Chair Kevin Warsh had not “raised rates,” added Diton, “I really think the market reaction would have been horrific.” Lisa Bernhard reports.
#News #Reuters #Newsfeed #markettalk #markets #unitedstates
👉 Subscribe: https://reut.rs/4b8fRGn
Keep up with the latest news from around the world: https://www.reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on X: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
