BARRON'S: Top US Fed Official Does Not Rule Out Further Rate Hike

The comments by New York Fed President John Williams came a week after policymakers unveiled a tenth and possibly final rate increase in the current cycle, adding that they would consider the impact of existing hikes before determining further moves.

But on Tuesday, Williams told the Economic Club of New York: "We haven't said we're done raising rates."

He acknowledged "incredible progress over the past year or so" in lifting rates to bring inflation down, but added: "I think what we're going to need to do as we always do is be data dependent."


READ MORE