Fed's Barkin Says U.S. Central Bank Raised Rates Last Week Because Risks To Inflation Outweigh Risks To Maximum Employment; Last Week's Rate Hike 'will Help' Restore Price Stability, We'll See If More Hikes Are Needed; Tempting To Blame High Inflation On Handful Of Categories Exposed To Energy Costs Or Tariffs, But Much Of The Personal Consumption Expenditures Index Is Rising By More Than 3%; There Is Momentum Outside Data Centers, AI, With Consumer Spending Holding Up, Strength In Defense And Manufacturing
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The Federal Reserve raised interest rates because fighting high prices matters most right now. Watch how companies and shoppers handle higher borrowing costs in coming months.
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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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