Fed official warns of further rate hikes

By Agence France-Presse

Mar 04, 2023 12:10 am

WASHINGTON, D.C.: The US Federal Reserve (Fed) may have to raise interest rates to a higher level than earlier anticipated if 'data reports continue to come in too hot,' Fed Governor Christopher Waller warned Thursday.

This comes as data released in February showed that job gains surged unexpectedly, while revised figures indicated that inflation slowed less than previously reported, he said in prepared remarks at the Mid-Size Bank Coalition of America.

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