Federal Reserve official Thomas Barkin stated that interest rate hikes remain a viable option to control inflation, which persists above the Fed’s 2% target. The Federal Open Market Committee (FOMC) has maintained the federal funds target range at 3.50%-3.75% since the beginning of the year. Market pricing indicates a decreased likelihood of rate cuts at upcoming FOMC meetings. Barkin suggested that a rate hike could occur in 2026 if inflation does not subside, with key economic data releases and FOMC meetings in the coming months likely to shape monetary policy expectations.
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