(Bloomberg) Federal Reserve Governor Christopher Waller said he expects the US central bank will need to raise interest rates twice more this year to bring inflation down to its target, though more good data on prices could obviate the need for the second hike.Most Read from BloombergHow Much Income You Need to Crack America's Richest 1%Ex-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining
Consumer inflation continued its steady and encouraging decrease in May, standing at 3%. That is the smallest 12-month increase since March 2021, according to the Bureau of Labor Statistics'.
Minutes from a meeting of the Federal Open Market Committee show some Fed officials wanted to hike rates last month despite agreeing to hold them steady.
The Fed minutes showed that policymakers were divided and that the hawks will still want to deliver more tightening. Fed Officials are concerned a tight labor
(Bloomberg) Federal Reserve Bank of New York President John Williams said policymakers’ projections show they think more work is needed on interest rates to get inflation back down to 2%.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingFed Minutes Reveal Di