Fed's Bowman: Interest rates may need to rise further

<ul><li>Inflation remains well above the FOMC's 2% target</li><li>Job market remains tight</li><li>This suggest policy rate may need to rise further</li><li>And stay restrictive for some time to return inflation back to target goal</li></ul><p>The headline is mainly to keep the option on the table but unless we get to the point where inflation proves much stickier than anticipated, then perhaps they may look for one more rate hike. Her full speech can be found <a href="https://www.federalreserve.gov/newsevents/speech/bowman20231011a.htm" target="_blank" rel="nofollow">here</a>.</p>

This article was written by Justin Low at www.forexlive.com.