COPENHAGEN—Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected. The shipping industry has seen record profits in recent quarters due to a surge in consumer demand and pandemic-related logjams holding up containers in…
Fed Should Lift Rates a Full Percentage Point by Mid-Year: Waller
February 26, 2022
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Business & EconomyChristopher Wallereconomic policieseconomyFederal ReservegovernorinflationliftMarketsrates
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Federal Reserve Governor Christopher Waller on Thursday laid out the case for a “concerted” effort to rein in inflation, calling for raising interest rates a full percentage point by mid-year, starting with a half-percentage-point hike in March if data in coming weeks continues to point to an “exceedingly hot” economy. “I believe appropriate interest rate…
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