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Fed Divided on Rate Hike | San Antonio News
The Fed is on the brink of a pivotal decision as inflation stubbornly persists and Middle East tensions threaten to reignite energy price spikes. Despite holding rates steady last time, three regional bank presidents broke ranks demanding a hike — the first such split in a decade. Half the committee now sees potential for future rate increases, while the other half remains cautious. With AI-driven cost pressures and volatile oil markets looming, officials warn they may be forced to act if inflation doesn’t cool consistently. Markets are already betting on a September rate hike. Listen in…
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