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US rates could peak higher than previously anticipated: Powell

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US interest rates will likely peak at a higher level than was previously anticipated due to January data that came in stronger than recent trends expected, Federal Reserve Chair Jerome Powell tells a US Senate hearing, saying, "if the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes." SOUNDBITE

Added on the 07/03/2023 16:38:43 - Copyright : AFPTV - First images

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