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Fed's Musalem: More rate hikes likely needed to combat persistent inflation

Musalem cites tariffs, Iran conflict, and AI boom as inflation drivers

1 Sep 21 2:20 PM · 2d ago · 4 articles · 1 post · 2 sources · development 1 of 1

Musalem identified the Trump administration's import tariffs, the US-Israeli war with Iran pushing up fuel costs globally, and the artificial intelligence investment boom driving copper and other commodity prices as contributing factors to inflation. He noted domestic spending and growth remain resilient, adding to inflation pressure.

Musalem cites tariffs, Iran conflict, and AI boom as inflation drivers
Investing.com News

“Both persistent demand and recurring supply forces are continuing to contribute to keeping inflation risks elevated, and I judge that without further policy restraint on inflation it is more likely to be substantially above our 2% target in 18 months than at target.”

Alberto Musalem, St. Louis Federal Reserve President · rss ↗

Alberto Musalem St. Louis Federal Reserve President

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1Musalem cites tariffs, Iran conflict, and…
Sep 22yesterdaynow · 6:47 AM ET

What was reported 1 claim about this development

  1. 5 outlets Exclusive-Fed’s Musalem says more rate hikes likely needed to quell inflation

    first by Investing.com News, 2d ago · also Seeking Alpha, Yahoo Finance, Bloomberg Markets, Investing.com India

    3 more headlines

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