US Fed policymakers flag possible rate hikes to tackle inflation

WASHINGTON, United States — Many US central bank policymakers cited the possible need for interest rate hikes to counter the risk of sustained inflation from high oil prices, minutes of their recent meeting showed Wednesday. The US Federal Reserve has been battling to bring inflation down to its long-term 2-percent target since the pandemic. In March, the Fed chose to extend a pause on interest rate cuts — after three reductions in late 2025 — and raised its inflation forecast. At the meeting, officials flagged one expected cut by the end of the year, and cited an “uncertain” economic outlook due […]... Keep on reading: US Fed policymakers flag possible rate hikes to tackle inflation

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