US Federal Reserve officials signal possible rate hike before year-end

Federal Reserve officials expect to raise interest rates again before the end of the year to curb inflation, which has surpassed the target for more than five years.

Last month, policymakers at the Federal Reserve were divided over whether to support another rate hike, according to Al Arabiya.

This division could lead to intense debate at the upcoming monetary policy meeting scheduled for October 27 and 28, as officials consider whether inflation has become more broad-based and demand-driven, potentially requiring further action by the Fed at this time.