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Federal Reserve officials indicated they intend to resume interest rate hikes amid a growing consensus that more tightening is needed to curb high inflation in the world’s biggest economy.

According to the minutes of a June meeting of the Federal Open Market Committee, “nearly all” officials who attended said “additional increases” in the Fed’s benchmark interest rate would be “appropriate.”

He said a “tight” labor market and “upside risks” to inflation were still “key factors” nearly a year and a half after the US central bank began an aggressive cycle of raising interest rates to ease price pressures. were also shaping the outlook.

Read more about the Fed’s rate policy Here,