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Business > Foreign Business
Fed braces for inflation as rate hikes near
by The Manila Times
Jan 24, 2022 12:04 am

WASHINGTON, D.C.: The Federal Reserve has its inflation-fighting weapons ready to fire and when the US central bank's policy committee convenes this coming week, the focus will not be on whether they will pull the trigger but rather how many times.

With the Omicron variant of Covid-19 adding to economic uncertainty and fueling a spike in consumer prices not seen for decades, the Fed's decision Wednesday will be closely scrutinized for signs policymakers will take more aggressive steps to contain inflation.

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