Michael Barr says more policy adjustments likely needed as business activity accelerates
On September 23, Federal Reserve Governor Michael Barr stated further policy adjustments would likely be needed to bring inflation down, as S&P Global reported U.S. business activity grew at its fastest pace since July 2021 alongside accelerating input-cost inflation.
Why it mattersRising costs and potential interest rate adjustments could increase expenses for consumers and businesses.
How we got here
What's likely next
- The BLS was scheduled to release the September jobs report. The September 28 report cited a forecast of 100,000 new jobs and unemployment of 4.2%.
All coverage
The coverage
- Fed’s Barr Says More Rate Hikes Likely Needed to Return Inflation to TargetWSJ · Sep 23
- Inflation pressures raise prospect of Fed rate hike on eve of electionsReuters · Sep 23
- Fed Confronts the Prospect of Another Rate Increase Ahead of MidtermsThe New York Times · Sep 25
- Market sees next Fed hike in October, following Barr comments, hot inflationCNBC
- S&P Global Flash US PMISpglobal
Analysis & opinion
- October Fed rate hike hinges on two looming economic reportsThestreet · Sep 28
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