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Fed's Barr signals more rate hikes likely to fight inflation
Original: Fed’s Barr says more rate hikes likely to be needed to curb inflation
Federal Reserve official Michael Barr said additional interest rate increases are likely needed to bring inflation back under control. His remarks add to expectations that the central bank will keep tightening monetary policy despite signs of slowing price growth, and are drawing attention from investors and economists weighing how far the Fed will go and what it means for borrowing costs.
Why now: Markets and consumers are watching closely for signals on the Fed's next interest rate moves amid persistent inflation.
Evidence
- Fed’s Barr says more rate hikes likely to be needed to curb inflation · The Mighty 790 KFGO
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