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Fed's Barr Hints at Rate Hikes as Odds Surge to 66%

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Federal Reserve Governor Michael Barr stated the central bank may raise interest rates if inflation does not cool sufficiently toward 2%.
  • With markets pricing a 66% chance of a September rate hike, persistent inflation risks and resilient economic growth continue to drive hawkish monetary policy expectations.
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