The Storyup to 5 Nov
Fed weighs another rate hike as inflation persists, oil rises
The Federal Reserve is weighing whether to raise interest rates again before the end of 2026, as inflation remains persistent and war-related oil price pressures build. In mid-October, Fed minutes pointed to another likely hike this year, and Governor Waller reversed his earlier outlook. New York Fed President Williams suggested a 2027 hike might not be needed, which put him at odds with traders. Economists and a Reuters poll expected the Fed to skip October and hike in December, pushing any cut further out. The Fed held rates at its October 28 meeting, just ahead of the midterm elections, and attention turned to December.
8 sources
- Fed’s Waller does ‘about-face’ on interest-rate outlook as inflation surges — TheStreet
- Fed minutes: Another rate hike likely coming this year to combat persistent inflation — ABC7 Bay Area
- Fed Interest Rate Predictions for the Next 5 Years: 2026–2031 — Norada Real Estate Investments
- Savings Interest Rate Forecast | Banking Advice | U.S. News — U.S. News & World Report
- Williams says Fed may not have to hike rates in 2027, at odds with traders — CNBC
- Gold edges lower as firm dollar, elevated yields weigh — Reuters
- What To Look For From The Fed’s October Meeting — Forbes
- Fed to skip October but raise rates again in December, nearly all economists say — Reuters