ANOTHER INTEREST RATE HIKE MAY BE AHEAD AS FED BATTLES INFLATION

What happened: Fed Chairman Kevin Warsh said he won't prejudge rate decisions at the October and December meetings, offering no fresh signals at a Bangkok event with IMF Managing Director Kristalina Georgieva. Key numbers: The Fed raised its key rate by a quarter-point to about 3.9% in September, its first increase in three years. Why it matters: Minutes show most Fed officials expect another increase this year, which would raise borrowing costs for mortgages, car loans, and credit cards over time. Warsh said AI-driven investment is one factor behind higher inflation.

Fed battling inflation signals potential further interest rate hike ahead.

Fed battling inflation signals potential further interest rate hike ahead. — impact context not separately stored; see What changed.