Fed Officials Favor Gradual Rate Hikes
Federal Reserve officials Beth Hammack and Thomas Barkin expressed support for a gradual approach to interest rate increases. They aim to combat persistent inflation while minimizing economic disruption.
Two Federal Reserve officials backed a gradual path of interest rate increases to lower inflation to the central bank's 2% target. The comments follow midterm elections that shifted power in the United States Congress and sparked a sell-off in technology stocks. Investors are recalibrating monetary policy bets as political shifts threaten to slow artificial intelligence capital expenditures.
