High oil prices are likely to keep underlying inflation nearly a percentage point above the Federal Reserve's 2% target for the rest of this year, with the U.S. central bank likely needing to leave interest rates unchanged, St. Louis Fed President Alberto Musalem said.
Original Source:
https://www.newsmax.com/finance/economy/alberto-musalem-st-louis-federal-reserve-bank-oil/2026/04/16/id/1253144