US Fed official says rate hikes may be needed if inflation surges

A key US Federal Reserve official warned Friday that a series of interest rate hikes could be needed if price shocks from the Middle East war are larger than expected, fuelling inflation. “Federal funds rate increases, potentially a series of them, could be warranted, even at the risk of further weakness to the labor market,” […] The post US Fed official says rate hikes may be needed if inflation surges appeared first on Digital Journal.