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US Federal Reserve ‘non-committal’ about future after hiking rates once again

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JBWere Chief Investment Officer Sally Auld says the US Federal Reserve raising its cash rate for the 11th time was broadly expected but they were very “non-committal” about the future.

“Jerome Powell, the Chair of the Federal Reserve, didn’t really give

any strong signals,” Ms Auld told Sky News Business Editor Ross Greenwood.

 

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Reserve Bank may have gone ‘too far’ with raising ratesDeloitte Access Economics Partner Stephen Smith points out how the latest inflation data shows the Reserve Bank may have gone “too far” in hiking up interest rates. “We’re seeing now an economy that’s slowing, inflation that has decelerated, wage growth is not out of control, inflation expectations are not out of control either,” Mr Smith told Sky News Business Editor Ross Greenwood.
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