Fed Says More Rate Hikes Are Needed to Curb Inflation

The Federal Reserve said that further interest-rate hikes would be required to restore price stability. US central bankers are waging their most aggressive action against high inflation in a generation.

March 4, 2023 . 2:49 AM

1 min read

The Federal Reserve said that further interest-rate hikes would be required to restore price stability.
Fed lifted their benchmark lending rate by a quarter of a percentage point at the start of February.
More than half of the labor-force shortfall reflects a lower labor-force participation rate due to wave of retirements.
Valuation pressures in equity markets increased modestly, and real estate prices continued to be high relative to fundamentals.