Fed officials see another hike coming, but no sign as to when, minutes show
Officials said another increase is likely by year-end as inflation stays above target and incoming data will guide the timing.
- Most Federal Reserve officials expect another interest rate increase will be needed this year to combat inflation, according to minutes released Wednesday, as officials unanimously agreed inflation remained elevated and had not made progress toward their 2% target.
- Of the 18 Federal Open Market Committee officials who submitted forecasts, 16 said they expected another increase, with participants emphasizing that a higher path for the target range would be prudent on risk-management grounds.
- The Fed increased its key interest rate at the September 15-16 meeting by a quarter-point to about 3.9%, and officials noted that financial conditions, including rising stock prices, appeared to be supportive of economic growth.
- Wall Street investors now forecast the Fed will keep its rate unchanged at its next meeting October 28-29, while Philip Jefferson, vice chair of the Fed's board of governors, said last week policymakers will need more time.
- President Donald Trump criticized the committee for voting to raise rates, calling them "very political," while higher oil prices stemming from the Iran war and lingering tariff effects have lifted costs in recent months.
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108 Articles
US Fed Minutes Signal Another Rate Hike Likely by Year-end Amid Persistent Inflation
Get latest articles and stories on Business at LatestLY. Most Federal Reserve officials believed another increase in the US policy rate would likely be appropriate by the end of 2026, even as they acknowledged that future decisions would depend on incoming economic data and the evolving balance of risks, according to the minutes of the Federal Open Market Committee's September meeting. Business News | US Fed Minutes Signal Another Rate Hike Like…
Minutes show that Fed officials are forecasting another rate hike, but there is no indication of when that will happen. The post Another rate hike is “coming” in 2026 from the Fed appeared first on in.gr.
Fed minutes: Another rate hike likely coming this year to combat persistent inflation - WXXV News 25
By CHRISTOPHER RUGABER WASHINGTON (AP) — Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank’s most recent meeting. The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the...
US Fed minutes show bank is unlikely to hike rates in October
The market odds of a rate increase at the US Federal Reserve’s October meeting sank Wednesday after the central bank published minutes of its September meeting, though Fed watchers priced in a December hike. While the Fed’s policymakers voted unanimously to raise interest rates last month, they were divided over the rationale for doing so. Some sought to head off demand-driven inflation while others wanted to curb energy and AI-driven price shoc…
Fed officials view another rate hike as ‘likely,’ meeting minutes show
The majority of Federal Open Market Committee (FOMC) officials believed another rate hike was on the horizon this year, according to minutes from the panel’s last meeting the central bank released Wednesday. “With regard to the outlook for monetary policy beyond the current meeting, most participants assessed that another increase in the target range for…
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