Fed's Barr Supports More Rate Hikes Amid Inflation Risks
Federal Reserve Governor Michael Barr highlighted that elevated energy prices and AI-driven investments are complicating efforts to reach the 2% inflation target. He suggested that further interest rate increases may be necessary, citing resilient employment and stronger economic growth. Markets anticipate a 25-basis-point rate hike in October as policymakers weigh inflation risks against labor market conditions.
ET Markets·2h ago




