Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive
Waller said inflation remains too high and further hikes are likely needed, while pace is flexible; the report also notes labor-market, economic-strengthening, and communications assessments.
News detail
INFLATION Inflation remains too high, with AI investment and the ongoing energy shock among persistent inflationary forces. LABOUR MARKET Labour market was solid and stable in September despite weaker job creation. ECONOMY There is evidence the economy is strengthening in H2 2026. COMMUNICATION Fed communications can avoid promises of forward guidance while improving outcomes by signalling to markets about possible policy choices.
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