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ECRI COO Lakshman Achuthan stated that inflationary pressures remain in a "cyclical upswing."
ECRI Chief Operating Officer and co-founder Lakshman Achuthan stated that inflationary pressures are still in a "cyclical upswing" after the Federal Reserve's rate hike, and commented on the situation following the first rate hike in the tightening cycle. Previously, the Federal Reserve's rate hike had convinced investors of its determination to curb inflation, leading to a rise in US Treasury bonds on Thursday.
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