US Economy Probably Needs Three Fed Rate Hikes, BNP’s Mateos y Lago Says

Isabelle Mateos y Lago, chief economist at BNP Paribas, said the firm believes three Federal Reserve rate hikes are needed to address inflation pressures following Friday's consumer price index report. Mateos y Lago stated that "monetary policy is not restrictive enough" and that rate increases should begin the following week. BNP Paribas based this assessment on the CPI data released that day.

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