Fed\u0027s Bowman says it will likely be appropriate to raise rates again

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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtips - Federal Reserve Governor Michelle Bowman on Saturday repeated her view that inflation continues to be too high despite"considerable" progress in lowering it, and the U.S. central bank will likely need to tighten monetary policy further.

"I remain willing to support raising the federal funds rate at a future meeting if the incoming data indicates that progress on inflation has stalled or is too slow to bring inflation to 2 percent in a timely way," she said. On Friday, the U.S. Labor Department reported that employers added nearly twice as many jobs as expected in September, and it revised higher the job gains for previous months.

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