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Fed officials collectively strike a hawkish tone,October raising rate-hike expectations

PANews September 26 reported, citing Caixin, that multiple Fed officials have recently sent coordinated hawkish signals, emphasizing that inflation risks have not yet been eliminated. Cleveland Fed President Hammack said that elevated inflation has persisted for over 5 years, expressing concern that inflationary mindsets may become entrenched and emphasizing the need to maintain restrictive policy to bring inflation down. Kansas City Fed President Schmid said that the Fed had “still not solved the inflation problem” and warned that U.S. debt levels were “extremely high.” New York Fed President Williams said repeated supply shocks could continue to push up prices over the medium to long term.CME“FedWatch” data show that the market expects the Fed to October raise rates 25 basis points, with the probability at approximately 64.2%。

Source: https://www.panewslab.com/zh/articles/01a0dbd6-b380-72f2-adc4-e896557fac56