Fed’s Jefferson Says Central Bank ‘May Take More Time’ Before Hiking Rates Again
Jefferson said the Fed needs more time and data before deciding on another move as markets expect rates to hold steady next month.
- Federal Reserve Vice Chair Philip Jefferson said Thursday he sees no urgency to raise interest rates again immediately, though he supported last month's quarter-point increase to the 3.75%-4.00% range.
- The Federal Reserve lifted its benchmark rate at its September 15-16 meeting while releasing forecasts projecting another increase before year-end, with 16 of 18 policymakers expecting at least one additional quarter-point hike in 2026.
- Market expectations have shifted sharply lower, with Polymarket data showing a 23% probability for an October rate hike, down from about 70% last week. New York Fed President John Williams echoed the cautious stance on Tuesday.
- Goldman Sachs shifted its forecast for the next rate increase to December following the weak inflation data, while Minneapolis Fed President Neel Kashkari told Reuters he remained undecided about an October move.
- Jefferson views inflation risks as "tilted to the upside" due to geopolitical developments and stronger demand, though he expects inflation to remain "elevated" in the near term before declining toward the Fed's 2% goal.
11 Articles
11 Articles
Fed’s Jefferson signals patience as October rate hike odds fall to 23%
Federal Reserve Vice Chair Philip Jefferson has signaled that officials may need more time before changing rates again, as Polymarket odds cited in the latest report have fallen to 23% for an October hike from about 70% last week. The…
Fed’s Jefferson says central bank ‘may take more time’ before hiking rates again
Federal Reserve Vice Chair Philip Jefferson said Thursday the central bank will wait to evaluate incoming economic data before deciding whether to hike interest rates again. “As we look ahead, my view is that any future adjustments in policy should be determined by carefully examining trends in the data, the evolving outlook, and the balance…
Jefferson Says Fed May Need More Time to Decide on Next Move
Fed may take time to make next interest rate move, Jefferson says
Polymarket No Longer Projects Fed Reserve to Hike Interest Rates
The Federal Reserve is no longer projected to hike interest rates at the next FOMC meeting later this month, according to forecasts tracked by Polymarket. This comes after quotes from Fed representatives have revealed that there is currently no rush to raise rates again. Vice Chair Philip Jefferson...
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