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Fed’s Jefferson Says Central Bank ‘May Take More Time’ Before Hiking Rates Again
Markets cut the odds of an October hike to about 25% as traders shifted attention to December, according to FedWatch data.
- Federal Reserve Vice Chair Philip Jefferson indicated on Thursday that officials may need more time before changing rates, citing no urgency for an October increase following September's quarter-point hike to the 3.75%-4.00% range.
- New York Fed President John Williams stated on Tuesday that policymakers require more data before acting, as rising bond yields have prompted investors to begin "reassessing" the economic outlook ahead of year-end decisions.
- Traders now assign a 77% probability to rates remaining unchanged at the October meeting, as market expectations for a hike have dropped to 23% from about 70% last week according to Polymarket figures.
- Goldman Sachs shifted its base case for the next rate increase to December following the September 30 inflation release, while Minneapolis Fed President Neel Kashkari remains undecided on an October move.
- Jefferson noted inflation will stay "elevated" in "the near term" before declining toward the 2% goal, maintaining that risks to his forecast remain tilted upward due to geopolitical developments and stronger-than-anticipated demand.
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Wall Street with Markus Koch from 02.10.2026
·Düsseldorf, Germany
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Government data showed that the labour market is getting colder than expected
Coverage Details
Total News Sources44
Leaning Left2Leaning Right7Center9Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
11%
C 50%
R 39%
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