Capital Group | Why we think the Fed is still behind the curve

The US Federal Reserve (Fed) raised the federal funds target rate by 25 basis points to a range of 0.25% to 0.50%, marking the start of what is expected to be a forceful path of monetary tightening. The central bank faces the challenge of taming inflation even as a commodities shock in the wake of Russia’s invasion of Ukraine dampens the outlook for global growth.

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