The Fed is widely expected to raise the benchmark U.S. interest rates by 50 basis points (0.5 percentage point) at its May meeting next week. In a panel hosted by the International Monetary Fund (IMF) last week, Fed Chair Jerome Powell said that “it may be that the actual [inflation] peak was in March, but we don’t know that, so we’re not going to count on it.” He added that it might be appropriate to “move a little more quickly” in tightening monetary policy to keep inflationary pressures in check.
Source: https://www.coindesk.com/markets/2022/04/29/labor-costs-jump-by-most-in-2-decades-adding-to-inflationary-surge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines