Fed Split on Rate Hikes Deepens as Five Years of High Inflation Tests Patience


“At this point it’s no longer just about the economic data, it’s also about Fed credibility,” said Torsten Slok, chief economist at Apollo Global Management Inc. in New York. “Inflation has been above the target since 2021. This is a very, very long time for the number one central bank in the world to have inflation at these elevated levels,” he added. 



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