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Fed's Barr signals more rate hikes to curb 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 to be needed to bring inflation back under control. The comments add to expectations that the central bank will keep tightening monetary policy, and investors are watching for signals on the size and timing of future hikes.
Why now: Markets and consumers are closely tracking Fed officials' remarks for clues on the path of interest rates as inflation remains elevated.
Evidence
- Fed's Barr says more rate hikes likely to be needed to curb inflation · Bellingham Herald
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