Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation

Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%.

South Korea inflation cools, but back-to-back rate hike not ruled out  Reuters

SEOUL, Aug 4 : South Korea's consumer inflation softened to a three-month low in July, coming in below market expectations on a fall in oil prices, though policymakers remained wary of upward pressures and markets did not rule out a possible back-to-back rate hike this month.The consumer price index (CPI) rose 2.8 per

Williams said he expects inflation to fall in the second half of 2026, but the Fed will act if it stays above its 2% target