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Fed officials lean hawkish, though Williams sees no urgency for another hike
Federal Reserve officials delivered a mostly hawkish round of remarks on Tuesday, September 29, with Governor Michael Barr and Chicago Fed President Austan Goolsbee stressing the risks of persistent inflation, while New York Fed President John Williams said there is no need to rush after the central bank's September rate increase. That hike lifted the Fed's target range by a quarter point to between 3.75% and 4%, and markets are betting heavily on a further quarter-point increase at the October 27-28 meeting. Speaking to the Detroit Economic Club, Barr said high energy prices and a surge in AI-related investment have ... (full story)