Fed officials expect another rate hike will be needed this year: meeting minutes

Fed officials view another rate hike as ‘likely,’ meeting minutes show

The majority of Federal Open Market Committee (FOMC) officials believed another rate hike was on the horizon this year, according to minutes from the panel’s last meeting the central bank released Wednesday. “With regard to the outlook for monetary policy beyond the current meeting, most participants assessed that another increase in the target range for the…

Oct 7, 2026

Fed officials expect another rate hike will be needed this year: meeting minutes

The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said.

Oct 7, 2026