Fed Signals More Hikes as Trade Tensions Roil Global Markets

Federal Reserve Governor Michael Barr said the central bank will "likely" raise interest rates again to counter persistent inflation, days after hiking for the first time in over three years. The unanimous FOMC decision to raise the benchmark rate has set a hawkish tone that's rippling through global currency and bond markets. Chicago Fed President Austan Goolsbee added that policymakers may need to treat the current energy shock as a...