Cleveland Fed President: AI inflation risk, rate hikes may be needed
Cleveland Federal Reserve President Beth Hammack told CNBC that inflation remains elevated after five years and that artificial intelligence could further fuel price pressures, suggesting rate hikes may be necessary. USD strengthens on hawkish Fed commentary; traders reassess rate-cut expectations and monitor policy divergence across major central banks.
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| ⚖️Is Forex Trading in UK Legal? | Yes |
| ⚖️Forex Trading Regulator | Financial Conduct Authority (FCA) UK |
| 📅 Date Established | 2013 |
| Investor Protection | Financial Services Compensation Scheme (FSCS) up to 85,000 GBP |
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