'Boston Fed President Backed Rate Hike Because Inflation Wasn't Improving Fast Enough; Susan Collins Cited Slow Inflation Progress And Middle East Conflict As Reasons She Supported The Fed's Quarter-point Increase Last Wednesday' - Quartz
https://qz.com/boston-fed-susan-collins-rate-hike-inflation-092226
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Why It Matters
A Federal Reserve leader raised interest rates because inflation was not dropping fast enough. When the Fed raises rates, borrowing money costs more for people and businesses.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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