Fed likely wants further evidence of inflation slowdown

A slowdown in inflation last month following recent indications of a robust labor market is complicating the Federal Reserve’s decision on how much to raise interest rates next month. Data on inflation and economic activity are likely to guide whether central bank officials raise their benchmark federal funds rate by half a percentage point or … Read more

Fed officials signal additional rate hikes warranted to slow the economy

Federal Reserve officials said they expected to continue raising borrowing costs through at least early next year to slow the economy and curb high inflation. Chicago Fed Chair Charles Evans told reporters on Tuesday that he hoped the central bank would be able to moderate its rate hikes for the remainder of the year after … Read more