Federal Reserve Likely to Continue Raising Interest Rates Despite (Somewhat) Cooling Inflation

[Frodo]

Just one Fed President, but a hint as to the thinking of the Federal Reserve in general.  They are not impressed with just tentative (and perhaps ephemeral) hints of lessening inflation like we may have seen:

Fed’s Bullard says benchmark interest rate in 5%-7% range may be needed to bring inflation down

I am thinking they are going to call for one more 0.75 basis point rise at the next Federal Reserve meeting next month.