The U.S. Federal Reserve is seen ramping up its battle with 40-year high inflation with a supersized 100 basis points rate hike this month after a grim inflation report showed price pressures accelerating.
"Everything is in play," Atlanta Fed President Raphael Bostic told reporters in Florida when asked about the possibility.
While he said he still needed to study the "nuts and bolts" of the report, "today’s numbers suggest the trajectory is not moving in a positive way. ... How much I need to adapt is really the next question.”