Writing the summary…
Philadelphia Fed's Anna Paulson says 'modest' rate moves likely ahead to tame inflation
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UK interest rate rise ‘increasingly likely’ with high energy prices; inflation fears hit bonds – business live
BoE deputy governor cites risks from energy prices, as US 30-year bond yields hits highest since 2004 Newsflash: A Bank of England deputy governor is warning that interest rates will be raised, if necessary, to combat the risk of persistent inflationary pressures from higher oil prices. Clare Lombardelli is telling the Sixth Biennial Conference on Macroeconomic Policy in Warsaw that the energy shock due to the conflict in the Middle East is likely to keep pushing UK inflation higher in the coming months. Strong demand for AI components is already pushing up global export prices and weather-related shocks add upside risks. On the other hand, trade diversion is reducing inflation. The longer higher energy prices persist, the greater the risk that indirect effects build and that inflation expectations, wage bargaining and price-setting behaviour begin to adjust in response. On that basis, p
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