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"Many participants observed that price pressure has increased in the services sector and historically price pressure in this sector has been more persistent than price pressure in the commodity sector," the Fed's November minutes said. "Risks to the inflation outlook remain elevated." "We agreed that it was important to inform the public," he said. "How high and how long interest rates are maint..

In the US, federal spending fell by 12% in June, reducing its fiscal deficit by 49%, while South Korea's government spending rose 1.1% in the second quarter, making the gap in the widening deficit clear. The Bank of Korea announced on the 26th that government consumption rose 1.1% in the second quarter, led by social security in-kind benefits. When the US federal government's fiscal deficit reac..

Mortgage rates doubled amid a sharp rise in US interest rates, Japan chose to stimulate the economy by maintaining ultra-low interest rates, and Korea leaned toward stimulus by allowing interest rates to reverse. In the US financial markets, stock markets fell sharply as the Federal Reserve raised interest rates to tackle inflation, while mortgage rates continued to soar. The Washington Post rep..