US: The Fed could keep interest rates high for longer.

The article states that the Federal Reserve is considering keeping interest rates high for a longer period of time due to concerns about inflation and the labor market. Factors such as tightening financial market conditions and rising oil prices could also delay rate cuts. The article mentions an increase in the forecast for GDP growth this year, but notes signs of economic softening in some states. The focus of the Federal Reserve is on inflation and the composition of job growth, with an expected slight increase in the unemployment rate. This information is valuable for library patrons researching employment trends and forecasts. [Extracted from the article]