BSS/AFP :
With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve’s policy course: Interest rates will continue to rise.
Against the backdrop of the majestic Grand Teton mountains, Fed Chair Jerome Powell is expected to once again send a clear message at the annual gathering of central bankers in Jackson Hole, Wyoming on Friday that the fight against inflation is not over.
Modest signs of slowing in the world’s largest economy and easing price pressures spurred hope in financial markets that the central bank might ease up on its aggressive rate hikes, and perhaps even start to reverse course next year.
