Kansas City Fed President Jeffrey Schmid signaled the central bank may need to consider rate hikes as inflation hovers near 3.5%, staying above target for years. While policymakers could remain patient, rising price pressures linked to tariffs and oil are increasing the likelihood of tighter monetary policy ahead.
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.