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Fed officials generally expect another rate hike may be needed this year as inflation remains above target, though policymakers may hold rates steady in October.
Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the central bank’s most recent meeting showed.
WASHINGTON, D.C. — Most Federal Reserve officials expect another interest rate increase will likely be needed this year to combat inflation, as indicated in minutes released Wednesday from the central bank’s most recent meeting, according to reporting from the Associated Press. The officials unanimously agreed that…