Federal Reserve signals another rate rise likely this year

Summarised from 2 outlets · Updated 7 Oct, 19:55 · Archive

Most Federal Reserve officials expect another interest rate increase will be needed this year to combat inflation.

Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank's most recent meeting. The Fed has signalled its intention to continue raising rates as it seeks to bring persistent inflation under control.

How it is being reported

• Fed minutes: Another rate hike likely coming this year to combat persistent inflationMost Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the central bank’s most recent meeting showed.News4Jax · 7 Oct, 19:05
• Fed minutes: Another rate hike likely coming this year to combat persistent inflationMost Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the central bank’s most recent meeting showed.Clickorlando · 7 Oct, 19:05

In this story: Federal Reserve

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem