Central Banks Signal Commitment to Taming Inflation Despite Market Volatility
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Federal Reserve Chair Jerome Powell warned that bringing down inflation will take time.
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Central banks signaled interest rates will stay higher for longer, despite recent dips.
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Investors are used to central banks cutting rates when markets fall, but things have changed with high inflation.
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Higher interest rates are likely here to stay as inflation regime has changed.
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When investors realize central banks won't rush to support markets this time, things could get volatile.