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News 2026-09-29 16:58 UTC

FED GOV BARR/DETROIT: 'DON'T YET SEE A CLEAR TREND TOWARD A TIMELY RETURN TO 2%' TARGET; GROWTH SHOWING 'REMARKABLE RESILIENCE' DESPITE SHOCKS

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News 2026-09-29 16:40 UTC

Fed's Barr says further rate hikes likely needed to curb inflation

Barr said inflation remains too high and that energy prices and AI investment have knocked progress off course. He added that financial markets are pricing in another quarter-point rate hike at the Fed's Oct. 27-28 meeting.

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FED GOV BARR/DETROIT: 'DON'T YET SEE A CLEAR TREND TOWARD A TIMELY RETURN TO 2%' TARGET; GROWTH SHOWING 'REMARKABLE RESILIENCE' DESPITE SHOCKS

Fed's Barr says further rate hikes likely needed to curb inflation