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The chief of the Atlanta Federal Reserve said further increases in interest rates probably aren't necessary to bring inflation back down to pre-pandemic levels.
The chief of the New York Fed said a key U.S. interest rate is "at, or near, the peak level," but borrowing costs will also have to remain high for "some time."
The chief of the New York Fed said a key U.S. interest rate is "at, or near, the peak level," but borrowing costs will also have to remain high for "some time."
The Fed's inner circle is divided on whether to raise interest rates again this year, but they all agree that borrowing costs will remain "higher for longer."
As expected, the Fed "paused" at its September meetings. And while the Fed’s administered rates did not change, the markets interpreted this as a “hawkish” pause.