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Fed’s Jefferson Says Central Bank ‘May Take More Time’ Before Hiking Rates Again
Markets cut odds of an October hike to 23% as Jefferson said policymakers need more incoming data before deciding on another move.
- 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
Several senior Fed officials, including Vice Chairman Philip Jefferson, have indicated that the central bank should not rush into another interest rate hike decision and should first carefully evaluate incoming economic data.
·Budapest, Hungary
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Total News Sources41
Leaning Left1Leaning Right7Center9Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
C 53%
R 41%
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