Is the end of interest rate hikes nowhere in sight? Concerns are growing as Fed Chair Jerome Powell signals a potential shift in the Federal Reserve's approach. The latest news indicates that interest rates could rise higher than expected. Recent economic data has prompted a reevaluation, with Fed Chair Jerome Powell suggesting policymakers are revising their view of longer-term rates upward.

Jerome H. Powell, the Federal Reserve chair, made clear on Tuesday that the central bank is prepared to react to recent signs of economic strength by raising interest rates. This hawkish stance has markets on edge, wondering how high borrowing costs will ultimately climb.

Fed Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux. This comes as Federal Reserve Chairman Jerome Powell stressed on Tuesday that central bank policymakers are prepared to raise interest rates higher than previously expected, potentially impacting everything from mortgages to business loans.

The Federal Reserve's response to persistent inflation remains a key concern. The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point towards a robust, albeit inflationary, economy. The days of predictable rate increases might be over, and we may be entering a period where data dependency reigns supreme. Fed Chair Jerome Powell told lawmakers in prepared remarks on Tuesday interest rates are likely to rise higher than previously anticipated as the central bank navigates this uncertain economic landscape.