Story perspectives

Fed to wait for data before further rate hike

By Drooid · Oct 1, 2026, 10:57 PM UTC · How we work

Summary

Story summary

Federal Reserve (Fed) Vice Chair Philip Jefferson said Fed will wait for data before another hike.
Annual PCE inflation was 3.4% in August, with core prices up 3% YoY.
The FOMC voted unanimously in mid-September to raise rates by a quarter point.
Philadelphia Fed President Anna Paulson warned tightening may be needed to hit 2% target.
New York Fed President John Williams said data could justify one hike this year.

1 of 1

Story summary

Federal Reserve (Fed) Vice Chair Philip Jefferson said Fed will wait for data before another hike.
Annual PCE inflation was 3.4% in August, with core prices up 3% YoY.
The FOMC voted unanimously in mid-September to raise rates by a quarter point.
Philadelphia Fed President Anna Paulson warned tightening may be needed to hit 2% target.
New York Fed President John Williams said data could justify one hike this year.