More Fed Officials Say Caution Is Needed Before More Rate Hikes

According to Reuters, U.S. Federal Reserve officials said that they would be cautious about any further increases in interest rates so that the central bank could assess growing risks to an otherwise solid U.S. economic outlook. The presidents of three of the 12 Fed regional banks all pointed to a need for greater clarity on the state of the economy before extending the central bank’s rate hike campaign into a fourth year. The new tone of caution comes after the U.S.