Federal Reserve officials expect another rate hike this year

Summarised from 2 outlets · Updated 7 Oct, 19:44 · Archive

Federal Reserve officials unanimously agree another rate increase will be needed this year.

Federal Reserve officials said another rate hike will be needed this year, according to minutes released from the Fed's 15-16 September policy meeting. The officials unanimously agreed that inflation remained elevated and had not made substantial progress towards their 2% target in recent months.

No timeline for when such a hike might occur was provided in the minutes.

How it is being reported

• Fed officials expect another rate hike will be needed this year: meeting minutesThe officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said.New York Post · 7 Oct, 19:27
• Fed officials see another hike coming, but no sign as to when, minutes showThe Federal Reserve on Wednesday released minutes from its Sept. 15-16 policy meeting.CNBC · 7 Oct, 19:07

In this story: Federal Reserve · United States

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