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TechFlow news, according to Jinshi Data, Federal Reserve Governor Bowman said it is appropriate to further raise interest rates and keep them at a restrictive level for some time. Recent U.S. employment reports show solid job growth in the labor market. The frequency and scope of recent data revisions have increased the complexity of economic forecasts. Progress on inflation could be slow, meaning further policy tightening will be needed.
Federal Reserve Governor Bowman stated that it is appropriate to further raise interest rates and keep them at a restrictive level for some time. Recent U.S. employment reports show solid job growth in the labor market. The frequency and scope of recent data revisions have increased the complexity of economic forecasting. Progress on inflation could be slow, which means additional policy tightening may be needed.
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