US Market: Fed’s Barr backs further rate hikes as inflation risks remain elevated
· economictimes.indiatimes.com
Federal Reserve Governor Michael Barr said elevated energy prices and AI-driven investment are complicating progress toward the 2% inflation target. He indicated further rate increases may be needed, while noting resilient employment and stronger growth. Markets expect another 25-basis-point hike in October as policymakers balance inflation risks against labour-market conditions.
Synopsis
Federal Reserve Governor Michael Barr said elevated energy prices and AI-driven investment are complicating progress toward the 2% inflation target. H...