Fed Divided on Rate Hike | Business and Finance News

Fed officials are split on whether to raise rates: National Economic Council Director Kevin Hassett celebrates slowing inflation as a sign to pause hikes, while Fed Chair Kevin Warsh warns against overreacting to one data point. Governors Waller and Cook offer contrasting views—Waller says higher rates may be needed if inflation persists, Cook wants to wait and see. The latest Beige Book shows mixed job growth and slower but still rising prices, with most forecasters expecting rates to stay steady soon—but nearly half predict hikes later this year. The Fed’s next move hinges on whether they’ll trust the trend or play it safe. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0e29cc6b43a2ee1e