Odds increasing for rate hike at September FOMC meeting
US economy is strong enough to merit a further rate increase, Richmond Fed president says
Opinions on monetary policy among senior Federal Reserve officials continue to differ in the run-up to the next Federal Open Market Committee meeting on September 25, but a string of positive data releases suggest a hike may now be more likely.
Richmond Fed president Thomas Barkin, currently a voting member of the FOMC, said: “It is difficult to argue that lower-than-normal rates are appropriate when unemployment is low and inflation is effectively at the Fed’s target.”
Speaking in Roanoke
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