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Fed's Schmid Warns Inflation Too High, Rates May Rise Further

Moneywise Read original source (opens in a new tab)
The Story

News Summary

  • Fed's Schmid signals inflation remains too high, hinting at further rate hikes.
  • Mortgage rates hit 6.69%, Treasury yields rise, reinforcing a hawkish USD outlook and pressuring equities and gold in the near term.
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AUDUSD price history

0.72 +9.09% over the displayed period

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