World & BusinessFed’s Barr reportedly signals further rate hikes are likely needed
A September 23 post says the Fed’s rate projections show 16 of 18 officials expecting at least one more hike in 2026, with four projecting two.
TLDR
A September 23 post says Fed Governor Michael Barr indicated that further rate hikes would likely be needed to bring inflation back to target after the previous week’s quarter-percentage-point increase. It quotes Barr as saying the Fed had been “out of position” before that hike. The same account says the Fed’s dot plot showed 16 of 18 officials expecting at least one more hike in 2026, with four projecting two.
Fed’s Barr reportedly signals further rate hikes are likely needed
A September 23 post says the Fed’s rate projections show 16 of 18 officials expecting at least one more hike in 2026, with four projecting two.