Fed official cites Middle East conflict as reason for rate hike

Summarised from 2 outlets · Updated 21 Sept, 22:13 · Archive

A Federal Reserve official said Middle East conflict in August influenced her support for raising interest rates.

The official backed a rate increase last week and indicated support for a second hike later this year. She cited the renewal of combat in the Middle East in August as a key factor in her decision.

How it is being reported

• Federal Reserve official says Iran war pushed her toward supporting rate hikeA top Federal Reserve official said Monday that the renewal of combat in the Middle East in August was a key reason she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year.News4Jax · 21 Sept, 16:01
• Federal Reserve official says Iran war pushed her toward supporting rate hikeA top Federal Reserve official said Monday that the renewal of combat in the Middle East in August was a key reason she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year.Clickorlando · 21 Sept, 16:01

In this story: Federal Reserve · Iran · Middle East

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