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Fed Divided on Rate Hike Amid Global Pressures | Salt Lake City News
Fed officials are deeply divided over whether to hike rates again, as inflation stubbornly persists and Middle East tensions threaten to spike energy prices. Despite holding rates steady last time, three regional bank presidents voted to raise them — the first such split in a decade. Half the committee still believes more hikes are needed, while the other half thinks the Fed is done. Concerns are mounting that inflation’s slowdown, driven by falling energy prices, may be temporary. With AI investments driving up costs for power, chips, and talent, plus new tariffs, the Fed’s patience is…
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