Fed's Barr: Further Rate Hikes May Be Needed to Bring Inflation Back to 2%
- —Barr left the door open to further Fed rate hikes
- —Risks to hitting the 2% inflation target have increased
- —Labor market risks have decreased, he said
- —The Fed has adjusted policy but more moves may be needed
Why it matters: A hawkish Fed signal pressures risk assets, including bitcoin and crypto, by reinforcing expectations of higher rates.
Source: PANews