Fed's Barkin Says U.S. Central Bank Raised Rates Last Week Because Risks To Inflation Outweigh Risks To Maximum Employment; Last Week's Rate Hike 'will Help' Restore Price Stability, We'll See If More Hikes Are Needed; Tempting To Blame High Inflation On Handful Of Categories Exposed To Energy Costs Or Tariffs, But Much Of The Personal Consumption Expenditures Index Is Rising By More Than 3%; There Is Momentum Outside Data Centers, AI, With Consumer Spending Holding Up, Strength In Defense And M
Fed's Barkin Says U.S. Central Bank Raised Rates Last Week Because Risks To Inflation Outweigh Risks To Maximum Employment; Last Week's Rate Hike 'will Help' Restore Price Stability, We'll See If More Hikes Are Needed; Tempting To Blame High Inflation On Handful Of Categories Exposed To Energy Costs Or Tariffs, But Muc