Fed’s Barr Signals More Rate Hikes as October Odds Fall to 50%
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Cryptocurrency News | Cryptocurrency Prices | Market CapFed’s Barr signals more rate hikes as October odds fall to 50%
Federal Reserve Governor Michael Barr has renewed his call for further interest-rate increases to bring inflation down to 2%, while market odds of an October hike have fallen to about 50% from roughly 70%. Federal Reserve Governor Michael Barr said…
Inflation isn't done: Interest rates likely to rise more, Fed Governor Michael Barr warns
Federal Reserve Governor Michael Barr warned that interest rates may rise further to combat inflation, which is still significantly above the 2% target. Despite strong economic performance, officials anticipate one more rate hike this year as they focus on achieving price stability.
U.S. inflation still does not show a clear path back to the Federal Reserve (Fed) 2% target, while high energy prices and strong investment linked to artificial intelligence (AI) maintain price pressures, said US central bank director Michael Barr. According to him, it is still early to determine whether the transformation caused by AI will require a higher interest rate in the long term. I still don't see a clear trend towards a timely [inflati…
Federal Reserve Board member Michael Barr reiterated the need for further interest rate hikes on Tuesday.
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