INVESTINGLIVEEamonn Sheridan
Rate hike watch - Fed's Schmid says tighter policy needed as inflation stays too high
Schmid's comments add to a growing chorus of Fed officials signalling openness to further tightening, even though he lacks a vote on the FOMC this year, reinforcing market expectations that the path of least resistance for policy is higher rather than lower. His characterisation
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