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Federal Reserve officials Anna Paulson and John Williams have suggested that further interest rate hikes may well be required, as inflation remains stubbornly above target

Paulson noted that a ‘modest further tightening’ could be justified at present, whilst Williams stressed that another increase by the end of the year seems entirely reasonable

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​This stance is underpinned by the resilience of the US economy and a robust labour market, affording policymakers greater leeway to tackle inflation without worrying unduly about a slowdown in growth

This reinforces the Fed’s increasingly hawkish posture as it seeks to bring inflation back down to its target rate sustainably, while keeping monetary policy properly balanced

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#FedOctoberRateHikeOddsRiseTo69.7% #Fed