KPMG: Expects the Federal Reserve to raise interest rates in September

According to Jinshi reports, KPMG Chief Economist Diane Swonk stated that she expects the Federal Reserve to raise interest rates in September. She pointed out that high inflation has persisted for five years, and although this is not entirely the Federal Reserve's responsibility, whether to take action is the Federal Reserve's choice. The price increases have been too high for too long, transitioning from an anomaly to the norm.