Fed's Barr: No Clear Trend Toward Timely 2% Inflation Return, More Hikes Needed

Fed Governor Michael Barr reiterated the need for further rate hikes, citing a lack of clear trend toward timely return of inflation to 2%. This hawkish stance suggests the Fed may continue tightening, contradicting market expectations of a pause. The comment reinforces a higher-for-longer rates path, pressuring rate-sensitive assets.