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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Americans face another painful blow to mortgages and credit cards as Fed signals more interest rate hikes

Kevin Warsh US Federal Reserve United States Interest Rates Monetary Policy Artificial Intelligence

Federal Reserve Chairman Kevin Warsh said Friday he will not prejudge the U.S. central bank's upcoming interest rate decisions in October and December.

A quarter-point hike in September raised the key rate to roughly 3.9%—the Fed's first move in three years. High U.S. inflation will likely force another increase in coming months to curb spending and ease prices.

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