Philadelphia Federal Reserve President Anna Paulson indicated that additional interest rate hikes could be warranted to combat inflation. She stated that inflation remains persistently high, with underlying inflation at about 2.5 to 3%. Paulson characterized the US economy as relatively strong despite external pressures from tariffs and the Middle East conflict. Policymakers expect one further rate increase by the end of the year to manage inflation levels.
US stocks: S&P 500 ends nearly flat as US-Iran talks help stocks pare losses
S&P 500 ended almost flat as Microsoft declined, while Meta Platforms recorded gains amid ongoing market fluctuations. Oil prices surged following geopolitical tensions and a
September 24, 2026