FED OFFICIALS FLAG FURTHER HIKES EVEN AFTER HOLDING STEADY

U.S. Federal Reserve officials warned on Friday of further rate hikes even after voting to hold the benchmark federal funds rate steady at a meeting this week, with two policymakers saying they remain unconvinced the inflation battle is finished.

Their comments were tempered by words like "patience," and an acknowledgement that price increases have been slowing.

But in the first public comments since the central bank this week agreed to hold its benchmark rate steady in a range of from 5.25% to 5.50%, the emphasis was on the possibility that rates may still rise, and on the fact that monetary policy will likely remain tight longer than previously expected.

Learn More