US Fed: ‘More restrictive’ rates possible if inflation persists - Al Jazeera English

Policymakers backed raising rates at their next meeting in July by either 50 or 75 basis points, show Fed records.

Federal Reserve officials agreed last month that interest rates may need to keep rising for longer to prevent higher inflation from becoming entrenched, even if that slowed the US economy. Policy ma… [+3251 chars]

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