LIVE WIRE
Beatpost
THE TLDR EDITION
BUSINESSPhiladelphia Inquirer·1d ago

Federal Reserve official says inflation persistence led her to support interest rate hike

Photo · J. Scott Applewhite
AI TLDR · GEMINI
AI TLDR is temporarily unavailable (daily budget reached). Read the publisher summary below or try again later.

A top Federal Reserve official says that stubbornly high inflation and the renewal of combat in the Middle East in August were key reasons she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year

SHARE THIS STORY

READ NEXT

More on the wire

crime16m ago

FROM THE PUBLISHER

A neighborhood group is calling for dedicated foot patrols not necessarily because crime is increasing, but to foster a more comfortable environment for both locals and visitors, its leader said.

Philadelphia Inquirer
local17m ago

FROM THE PUBLISHER

The Mets and Red Sox announced Tuesday that they will retain Andy Green and Chad Tracy, respectively, as their managers, leaving Mattingly as the only interim skipper in baseball.

Philadelphia Inquirer
crime18m ago

FROM THE PUBLISHER

Four men stole half a pallet of Black Angus beef from an unattended big rig on the 3300 block of South Third Street, police said.

Philadelphia Inquirer

HEADS UP · COOKIES

We use anonymous analytics and (with your OK) session recordings to make Beatpost better. Read the details.

INSTALL THE APP

Install Beatpost

One tap to keep your city's wire on your home screen — no store, no login.