Another strong inflation reading in April is likely to keep pressure on the Federal Reserve to continue raising rates in increments of at least a half percentage point at the central bank’s coming policy meetings.
Wednesday’s report on consumer prices offered few signs that would give Fed officials comfort to dial back a more-aggressive pace of rate increases this summer. And it could lead more of them to conclude rates will need to rise closer to 4% over the next 12 to 18 months rather than to a level around 3% that most...
Fed's Daly backs half-percentage-point rate hikes at next meetings | Reuters
12 hours ago — The Fed raised its benchmark overnight lending rate last week by half a percentage point, and Powell signaled the central bank would deliver at least two more ...