Claudia Sahm Now Sees Fed Rate Hike As the ‘Appropriate Policy,’ Says She’s ‘No Longer Confident’ Inflation Will Return to 2%
Former Fed economist Claudia Sahm views a rate hike as 'appropriate policy' for next week's Fed meeting.
A respected economist thinks the Fed should raise interest rates because she's worried inflation might stay higher than expected. When interest rates go up, bonds and savings accounts become more attractive, which can affect stock prices.
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