1 Percent More Hike in Interest May Be Needed to Achieve Inflation Target

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1 Percent More Hike in Interest May Be Needed to Achieve Inflation Target

Commentary Since the latest U.S. inflation figure has shown unsatisfactory progress towards the 2 percent target, the Federal Reserve signaled to delay the rate cut cycle. By now, the Fed’s strategy is already clear: it intends to maintain the current interest rates for longer. But the fact is it might not achieve its intended goal. Is it because the rate is not high enough? Or it is high enough but not long enough long enough? Historical experi…