Reuters

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Fed Officials See U.S. Interest Rates Rising Further

U.S. Federal Reserve officials on Tuesday reiterated their support for further interest-rate hikes to quell inflation, with the influential chief of the New York Fed saying the central bank will likely need to get its policy rate "somewhat above" 3.5% and keep it there through the end of 2023.

Chorus Backing Big ECB Rate Hike Grows

A chorus of European Central Bank policymakers called for decisive and swift rate hikes on Tuesday to combat soaring inflation, suggesting that the choice in next week's policy meeting will be between a big move and an even bigger one.

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