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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.
By Ann SaphirFederal Reserve Governor Michael Barr on Tuesday made a renewed case for further interest rate hikes, noting that high energy prices and a surge in AI-related investment have meant "we have been knocked off course" on progress toward the US central bank's 2% inflation goal."I don't yet…
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI