US Federal Reserve signals possible rate hikes ahead as inflation remains elevated
The US Federal Reserve chair has suggested further rate rises may be needed to tackle lingering inflation pressures.
The Federal Reserve chair has indicated the central bank still has work to do in controlling inflation, with hints of a more hawkish stance. The Fed's next meeting is scheduled for September 15-16, though recent comments do not necessarily confirm a rate rise will happen then. The signals come as US economic data shows signs of weakening.
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Fed Chair Warsh signals rate hikes may be needed with inflation still elevated
The Fed next meets September 15-16, and Warsh's remarks don't necessarily signal the central bank will raise rates then.
interest.co.nz
Weekend briefing: Warsh warns US Fed still has ‘work to do’ on inflation
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