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Fed’s Jefferson Urges Patience on Rates; Kashkari Sees More Hikes Ahead
- Federal Reserve Vice Chair Philip Jefferson and New York President John Williams indicated on Thursday that officials need more time to assess economic data before deciding on interest rates, causing investors to largely abandon bets on an October rate hike.
- Traders reduced expectations for an October rate hike to about 25%, down from 70% earlier in the week, following the central bank leaders' emphasis on data dependency before any policy shift.
- Jefferson stated, "My colleagues and I will need to come to our own judgment, which may take more time," while Williams noted "One further upward adjustment" in the policy rate may be appropriate late this year.
- Global brokerages now largely expect the Fed to hike rates only once more in 2026, in December rather than October, as market consensus shifted away from near-term increases.
- The September jobs report releases on Friday, marking a critical data point officials will weigh before determining whether additional rate hikes are warranted to bring inflation back to the Fed's 2% goal.
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Usually, the biggest opportunities come when market expectations become unrealistic and the market corrects this mistake. We may have come across such a situation with US interest rate policy now. The market is already pricing in 4 interest rate hikes over the next year, while the Fed is only considering one. If the market turns out to be wrong, it will affect stock market trends, but also the price of gold.
·Budapest, Hungary
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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 Sources21
Leaning Left0Leaning Right6Center5Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
55% Right
C 45%
R 55%
Factuality
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