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Federal Reserve official says inflation persistence led her to support interest rate hike

WASHINGTON (AP) — A top Federal Reserve official said Monday that stubbornly high inflation and the renewal of combat in the Middle East in August were key

Sources (1)+2 copies· Sep 21, 11:03 PM to Sep 23, 4:50 AM

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EUROPE SAYS· Sep 21, 11:03 PMFederal Reserve official says inflation persistence led her to support interest rate hike

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Federal Reserve official says fighting inflation likely to be ‘painful’WASHINGTON (AP) — A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat

WTOP16d agoWhole story →

Economy federal reserve rate hike

Federal Reserve rate hike reflects new world of sticky inflation and faster growthPresident Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than

Breitbart News Network16d agoSources (2)Whole story →

Economy Donald Trump federal reserve rate hike

America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year.

WDIV ClickOnDetroit18d agoSources (2)Whole story →

Economy federal reserve rate hike

Why BofA Is Calling for 2 More Rate Hikes in 2026Bank of America thinks the Federal Reserve has just kicked off a hiking spree heading into the end of the year.

Business Insider18d agoWhole story →

Economy federal reserve rate hike

The Fed just ended Washington’s cheap-money eraThe Federal Reserve’s rate hike signals Washington can no longer rely on cheap debt to finance unsustainable federal spending.

Washington Examiner18d agoWhole story →

Economy federal reserve rate hike

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What are the financial benefits of higher interest rates? Experts explainThe Federal Reserve recently raised interest rates for the first time since 2023.

KABC-TV14d agoWhole story →

Economy federal reserve rate hike

Fed’s Paulson says modest further rate increases may be neededFederal Reserve Bank of Philadelphia President Anna Paulson said additional interest rate increases may be needed to ensure inflation returns to the central bank’s 2% goal.

Spokane Spokesman-Review13d agoWhole story →

Economy federal reserve rate hike

Fact Check Team: What higher interest rates mean for mortgages, borrowers and saversMortgage rates are back above 7%, adding to the financial pressure facing prospective homebuyers as the Federal Reserve raises its benchmark interest rate.

Baltimore News13d agoWhole story →

Economy federal reserve rate hike

Dollar set for weekly gains as yields surge, Fed bets buildThe dollar was set for its first back-to-back weekly gains in more than three months on Friday, as surging Treasury yields and mounting bets on further Federal ‌Reserve rate hikes kept the greenback near multi-month peaks.

Reuters13d agoWhole story →

Economy federal reserve rate hike

Why mortgage rates are rising even as Trump demands lower interest ratesPresident Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than broader economic trends when it comes to longer-term borrowing costs, economists say

Los Angeles Times12d agoWhole story →

Economy federal reserve rate hike

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Fed official warns persistent inflation could require more rate hikes - and economic painA top Federal Reserve official says that stubbornly high inflation and the renewal of combat in the Middle East in August were key reasons she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year

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Fighting inflation likely to be 'painful,' Chicago Fed president saysA top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation.

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Federal Reserve rate hike reflects new world of sticky inflation and faster growthPresident Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than

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Federal Reserve is expected to raise its benchmark rate, defying Trump's demandsThe Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high

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Retail sales rise better-than-expected 1.2% in AugustThe strong spending report comes as the Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation.

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Stubborn inflation sets stage for Federal Reserve to hike interest ratesFederal Reserve policymakers are expected to hike interest rates at this week's FOMC meeting, with a 92.5% chance of a 25 basis point increase amid stubborn inflation.

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America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year.

WDIV ClickOnDetroit18d agoWhole story →

Economy federal reserve rate hike

Wall Street week ahead: Federal Reserve decision on interest rates, retail sales updateThe Federal Reserve and its interest rate policy will be the main focus for Wall Street this week. The central bank will close out its two-day meeting on Wednesday, and it could raise its benchmark interest rate in an effort to tame stubbornly high inflation. Wall Street will also get an update Wednesday on U.S. retail sales for August. That could…

The Atlanta Journal-Constitution25d agoWhole story →

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