A Federal Reserve official said on Monday he would support raising interest rates by half a percentage point for several more meetings, adding to the growing debate over how far and well the central bank needs to reduce borrowing costs to tackle high inflation. should increase rapidly.
US Central Bank Interest rates hiked by half a percentOr 50 basis points, on May 4, an increase in the first half since 2000. Officials have indicated that similar steps are likely to be taken in their next two meetings in June and July.