The President of the Federal Reserve Bank of San Francisco, Mary Daly, announced the probable need to raise interest rates further in the United States to curb inflation, reports Bloomberg. According to her, the cost pressure continues in a wide range of sectors, with companies passing on more and more rising costs to consumers. Against this background, the futures markets are pricing in an interest rate hike of 0.25 percentage points at each of the next three Fed meetings: December, January and March.

The President of the Federal Reserve Bank of San Francisco, Mary Daly, announced the probable need to raise interest rates further in the United States to curb inflation, reports Bloomberg. According to her, the cost pressure continues in a wide range of sectors, with companies passing on more and more rising costs to consumers. Against this background, the futures markets are pricing in an interest rate hike of 0.25 percentage points at each of the next three Fed meetings: December, January and March.