Federal Reserve officials signal another potential interest rate hike to combat lingering inflation pressures, following a rare unanimous vote to increase rates last week—the first adjustment in over three years. The move reflects growing concerns about sustained price increases, with policymakers emphasizing the need for further tightening to stabilize economic conditions. Market watchers will be closely monitoring whether the central bank’s shift marks the beginning of a more aggressive campaign to curb inflation. The latest comments from a key Federal Open Market Committee member underscore the urgency of addressing rising costs amid economic uncertainty.
Federal Reserve Governor Michael Barr said Wednesday the central bank will “likely” raise interest rates again to counter persistent inflation, after it did so last week for the first time in three-plus years. Barr, a member of the rate-setting Federal Open Market Committee (FOMC), said the unanimous decision to raise the benchmark interest rate by...
