U.S. Federal Reserve Officials Signal Openness to Rate Hikes if Inflation Remains High

Meeting minutes indicate multiple policymakers may support further interest rate increases should inflation stay above targeted levels.

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Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for monetary policy and regulating financial institutions.
  • Inflation: The rate at which the general level of prices for goods and services rises, eroding purchasing power.
  • Rate Hike: An increase in the interest rate set by a central bank to control inflation and influence economic activity.