Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes released Wednesday from the session indicated. That discussion during a two-day July meeting resulted in a quarter percentage point rate hike that markets generally expect… Continue reading Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show
Tag: hikes
Price hikes loom for consumers with the loss of Yellow trucking
America just lost as much as 15% of its small-batch trucking capacity — and consumers are likely to feel the effects via higher prices as the holiday season rolls around. On Monday, Yellow, a 100-year-old carrier that built its business on combining multiple smaller shipments into a single truckload, filed for bankruptcy. The company had… Continue reading Price hikes loom for consumers with the loss of Yellow trucking
Federal Reserve official says more U.S. rate hikes likely will be needed to bring down inflation
The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday. Bowman said she supported the Fed’s quarter-point increase in interest rates last month, given still-high inflation, strong consumer spending, a rebound in the housing market and a labor market that is helping to… Continue reading Federal Reserve official says more U.S. rate hikes likely will be needed to bring down inflation