Article Title: Fed official willing to raise interest rate if progress on inflation stalls
Snippet of Article: "...The Fed on June 12 skipped a rate hike for the fourth time this year, after skipping interest rate increases four times during 2023. The central bank last made a rate hike of 25 basis points on July 26 last year.
Over the course of 11 meetings from March 2022 to July 2023, the central bank raised rates by a total of 525 basis points to fight record inflation, which in the summer of 2022 rose to its highest point in more than 40 years. ..."
Source: news.az
