Following the release of US inflation data on Tuesday, investors are now questioning how it will affect the next Federal Reserve (Fed) decision.
Several central bank policymakers have given their views on the latest reading of the data.
Richmond Fed President Thomas Barkin
The Fed may have to raise interest rates higher than previously expected.
It will take some time to return inflation to target.
The high rate should remain for a longer period of time.
Dallas Fed President Lorie Logan
The Fed must be prepared to keep raising rates longer than expected.
Too little tightening is the biggest risk for central banks
Philadelphia Fed President Patrick Harker
The Fed isn't done in the inflation war, but it may be close.
Interest rates may need to be further raised above 5% by a 25 basis point increase.
New York Fed President John Williams
The outlook for Fed interest rates by the end of the year around 5%-5.50% looks reasonable.
The central bank's efforts to control inflation are not yet complete.
There is a risk that interest rates may need to be raised higher than currently expected.
Examining the four statements, it can be judged that Fed officials still show their openness to extend interest rate hikes.
For now, investors place expectations that the Fed's official rate will rise to around 5%-5.25%.
