Fed's Bullard advocates for additional interest rate hikes to combat inflation.
TL;DR Summary
Several Federal Reserve officials have signaled the need for at least one more interest rate hike in the coming months to combat underlying inflationary pressures in the US economy. While recent declines in inflation have been welcomed, policymakers warn that inflation still remains too high for a pause in the central bank's tightening campaign. The probability of a rate hike in June has jumped to 26.8%, up from 17.4% the previous week, according to data from the CME Group's FedWatch tool.
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