Inflation Could Soar To 10% - 24/7 Wall St.
A report warns that inflation could potentially soar to 10%.
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A report warns that inflation could potentially soar to 10%.
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Three Fed officials dissented over the policy statement, arguing it's no longer appropriate to signal the next move is likely a rate cut, and that the outlook should signal the next change could be either a cut or a hike.
The Fed held its main rate steady, noting risks to jobs and inflation stemming from the Iran war.
Rabobank's head of macro strategy warns of multiple risks, citing Tokyo's actions, potential crisis in Tehran, bond market warnings to the Fed, and the breakdown of the consensus for smooth disinflation and AI-driven growth.
Fed official Logan stated that the central bank's next rate move could either be a cut or a hike.
US Fed official says rate hikes may be needed if inflation surges.
Fed officials cited inflation concerns in defending their dissents.