Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead

US Fed officials signal October hike is unlikely as markets cut bets

Two top Fed officials signalled there is no urgency to raise interest rates in October, prompting markets to cut hike bets as policymakers seek more data before deciding on the next move.

US Fed policymakers lean against October rate hike

The US Fed on Sept 16 raised interest rates for first time in three years. Read more at straitstimes.com.

Gold steadies as easing US bond yields reduce rate hike bets

US Federal Reserve officials signal more time needed to weigh next move on interest rates Read more at The Business Times.

Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead

Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend on analyzing economic data trends and risks. Minneapolis Fed President Neel Kashkari expressed uncertainty regarding the timing of the next rate hike amidst strong economic performance. Both officials acknowledged the ongoing challenges of managing inflation that exceeds the 2% …