More rate hikes 'likely' needed to lower inflation: Fed official

Federal Reserve governor Michelle Bowman's prepared remarks to an event in Colorado also came after a mixed employment report on Friday showing that hiring in the United States has slowed but wage gains remained robust. Bowman said she supported the policy-setting Federal Open Market Committee's (FOMC) decision for a rate hike in July given "strong economic data and still elevated inflation."

from International-News-Economic Times https://ift.tt/ox76sAG

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