Fed Officials Signal Future Rate Hike Amid Inflation Concerns
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
The Federal Reserve released minutes from its September 15-16 policy meeting, indicating that officials see another interest rate hike coming but have not determined when it will occur. Many officials viewed the recent rate hike as necessary to address persistent inflation risks, suggesting that there is no appetite for a rapid series of hikes at this time.
Policymakers expressed growing concern about inflation during the meeting, highlighting the need for further action to quell inflationary pressures. The minutes reflect a cautious approach as officials weigh the economic landscape and the potential impact of future rate adjustments.
Sources
Every quote below is verbatim from the article it is attributed to.
“The Federal Reserve on Wednesday released minutes from its Sept. 15-16 policy meeting.”
CNBC — Fed officials see another hike coming, but no sign as to when, minutes show“September's rate hike was viewed by many officials as needed just in case inflation remains sticky.”
MarketWatch — Fed's minutes show no appetite for a series of interest-rate hikes“Policymakers grew increasingly concerned about inflation risks at their most recent meeting in September.”
ny times — Fed Minutes Show Officials Saw More Work to Do to Quell Inflation
“Fed minutes show officials aren't planning a rapid series of interest-rate hikes”
quartz — Fed minutes show officials aren't planning a rapid series of interest-rate hikes
Earlier versions
- Oct 7, 6:25 PM — Fed Officials Anticipate Another Rate Hike, Timing Remains Uncertain (2/2)