Fed Officials Signal More Rate Hikes Likely Needed
Federal Reserve policymakers indicated that further interest rate increases will likely be necessary to bring stubbornly high inflation back down to the target level. Officials emphasized that returning price stability remains their top priority.
Federal Reserve policymakers in the United States signaled Thursday that further interest rate increases may be required to curb inflation of 3.7%. The shift follows a benchmark rate hike to the 3.75%-4.00% range earlier in September. Officials aim to prevent inflation expectations from entrenching as economic output remains solid.
