Federal Reserve officials agreed last month that interest rates may need to keep rising for longer to prevent higher inflation from becoming entrenched.

Federal Reserve officials agreed last month that interest rates may need to keep rising for longer to prevent higher inflation from becoming entrenched.

Policy makers backed raising rates at their next meeting in July by either 50 or 75 basis points https://t.co/JZRo0vawP8 pic.twitter.com/tcpbdEzqYT

— Bloomberg TV (@BloombergTV) July 6, 2022