Fed's John Williams sees no urgency for another rate hike
New York Federal Reserve President John Williams said on September 29 that officials have time to gather more economic information, pushing back against the need for another quick interest rate increase.
How we got here
- Williams said there was no need to rush another increase and expected one late hike only if the economy matched forecasts. Newyorkfed, Newyorkfed
- The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.60% in a unanimous decision. Au
- The BEA scheduled the release of its Personal Income and Outlays report, including PCE inflation data. Gov
- The Federal Reserve scheduled the release of minutes from its previous FOMC meeting. Gov
- The next FOMC meeting is scheduled to begin; it runs through October 28, when the Fed’s calendar schedules the press conference. Gov
What's likely next
- Late 2026, conditional: Williams said one further upward adjustment may be appropriate if the economy evolves broadly as he forecast; he said incoming data would guide the decision.
- The BEA scheduled its August 2026 Personal Income and Outlays report, which includes PCE inflation data.
- The Federal Reserve scheduled publication of the September 15–16 FOMC meeting minutes.
- Fed leave rates unchanged or raise them by 25 basis pointsLikely62%▲ from 26% yesterday
All coverage
The coverage
- 'No need for urgency': Fed's Williams suggests October rate hike not a done dealCoindesk
- Fed’s Williams: 'Reasonable' to expect another rate hike by year-endCNBC
- Markets Weren't Sure When The Fed Would Raise Rates Again. Now October Is The Leading Bet.International Business Times · Sep 25
- Federal Reserve Board - Federal Reserve issues FOMC statementGov
- Traders expecting a back-to-back rate hike from the Fed in October may have gotten ahead of themselvesMarketWatch · Sep 29
- Fed rate hike bets for Oct fall sharply on soft data, dovish commentsYahoo Finance · Sep 30
- October Fed rate hike hinges on two looming economic reportsThestreet · Sep 28
- Dollar Rises to 2-Month High on Growing Prospect of October U.S. Rate-RiseWSJ · Sep 29
- Fed's Williams sees no urgency for next rate hikeReuters · Sep 29
- 'No need for urgency': New York Fed's Williams squashes notion of an October rate hikeYahoo Finance · Sep 29
Analysis & opinion
- The Odds of the Fed Ramping Up Its Rate-Hiking Cycle Are Skyrocketing, and 4 Variables -- 2 Directly Tied to President Donald Trump -- Are to BlameThe Globe and Mail · Sep 29
- Traders expecting a back-to-back rate hike from the Fed in October may have gotten ahead of themselvesMorningstar
- What to know about the Fed’s decision.The New York Times · Sep 22
- Four reasons behind our higher Fed interest rate forecastAllianzgi · Sep 25
- How will Fed rate hikes impact markets?UBS · Sep 21
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