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Fed Officials Don’t Sound Done Hiking Interest Rates
Members of the Federal Reserve’s policy setting committee have been speaking this week on inflation and their potential next moves.Credit: Alex Wong / Getty ImagesKey TakeawaysFed officials who have spoken publicly since last week’s interest rate decision said they were likely to follow it up with at least one more increase to the fed funds rate.The policymakers voiced concerns that the Iran war’s fuel price shock could set off broader inflation.Rate hikes increase borrowing costs on all kinds of loans, discouraging spending and rebalancing supply and demand to fight inflation, but can hurt…
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