Question After Fed's Hike is Whether It's 'One and Done' or More to Come
Dow Jones
2 hours ago
0507 GMT - The bigger question after the Federal Reserve's 25bp rate increase Wednesday is whether the move will be "one and done" or mark the beginning of another tightening cycle, TruStage chief economist Steve Rick says. "Higher oil prices stemming from continued conflict in the Middle East could keep inflation elevated, but monetary policy works with long and variable lags, and additional increases would put more pressure on consumers and businesses already facing elevated borrowing costs," he says. The Fed should give the increase time to take effect before determining how much additional restraint is necessary, Rick says.
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