Fed hit with new pressure to be aggressive after hot US inflation report

May 12, 2022 8:14 AM

NEW YORK (BLOOMBERG) – Federal Reserve officials face pressure for more aggressive policy action after a hotter-than-expected US inflation reading for April, which could bring the option of a 75 basis-point hike back into the conversation if prices fail to cool.

Source : https://www.straitstimes.com/business/economy/fed-hit-with-new-pressure-to-be-aggressive-after-hot-us-inflation-report