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BusinessQuiet 6d · day 13

Fed minutes signal another rate hike likely before year-end despite Trump pressure

Officials unanimously see elevated inflation and expect to raise rates again in 2026, defying the president's calls for cuts.

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  4. Fed minutes signal another rate hike likely before year-end despite Trump pressureyou are here
  5. Trump's "greatest economy" claim collides with rising gas and inflation data

What to know

  • Federal Reserve officials unanimously agreed inflation remains elevated above the 2% target and expect another rate hike is needed before year-end, though markets forecast no action until December.
  • The September rate hike defied President Trump's repeated calls for rate cuts and prompted his criticism of the Fed's committee, though he expressed continued support for Chair Warsh.
  • Data center construction for AI investment, Iran-war-driven energy price increases, and tariff effects are among the main drivers keeping core inflation stuck between 2.5% and 3%.
  • Several policymakers believe the current 3.9% rate remains too low to restrain economic growth, suggesting multiple hikes may be needed as affordability concerns dominate the midterm election conversation.

“The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months”

Federal Reserve officials, Policy committee · Mercury News / Associated Press ↗

Federal Reserve officials Policy committee membersKevin WarshKevin Warsh Federal Reserve ChairPhilip Jefferson Fed Vice ChairDonald TrumpDonald Trump President

Fed minutes signal another rate hike likely before year-end despite Trump pressure
qz.com

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 21 pieces in 3h at Oct 7, 12 PM; 52 pieces over 13 days (39 articles · 3 videos · 10 posts) Oct 2, 12 PM — 1 piece · 1 post — Mastodon 1Oct 2, 3 PM — quietOct 2, 6 PM — quietOct 2, 9 PM — quietOct 3, 12 AM — quietOct 3, 3 AM — quietOct 3, 6 AM — quietOct 3, 9 AM — quietOct 3, 12 PM — quietOct 3, 3 PM — 1 piece · 1 article — Newswires 1Oct 3, 6 PM — quietOct 3, 9 PM — 1 piece · 1 post — Mastodon 1Oct 4, 12 AM — quietOct 4, 3 AM — quietOct 4, 6 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Oct 4, 9 AM — quietOct 4, 12 PM — quietOct 4, 3 PM — quietOct 4, 6 PM — quietOct 4, 9 PM — quietOct 5, 12 AM — quietOct 5, 3 AM — quietOct 5, 6 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Oct 5, 9 AM — quietOct 5, 12 PM — quietOct 5, 3 PM — quietOct 5, 6 PM — quietOct 5, 9 PM — quietOct 6, 12 AM — quietOct 6, 3 AM — quietOct 6, 6 AM — quietOct 6, 9 AM — quietOct 6, 12 PM — quietOct 6, 3 PM — quietOct 6, 6 PM — 1 piece · 1 post — Mastodon 1Oct 6, 9 PM — quietOct 7, 12 AM — quietOct 7, 3 AM — quietOct 7, 6 AM — 1 piece · 1 article — Newswires 1Oct 7, 9 AM — 1 piece · 1 article — Newswires 1Oct 7, 12 PM — 21 pieces · 19 articles · 1 video · 1 post — Newswires 15, Google News 4, Mastodon 1, +1 moreOct 7, 3 PM — 10 pieces · 8 articles · 1 video · 1 post — Google News 4, Newswires 4, Mastodon 1, +1 moreOct 7, 6 PM — 4 pieces · 2 articles · 1 video · 1 post — Newswires 2, Mastodon 1, YouTube 1Oct 7, 9 PM — quietOct 8, 12 AM — quietOct 8, 3 AM — 3 pieces · 3 articles — Google News 3Oct 8, 6 AM — 1 piece · 1 post — X 1Oct 8, 9 AM — 2 pieces · 1 article · 1 post — Reddit 1, Google News 1Oct 8, 12 PM — quietOct 8, 3 PM — quietOct 8, 6 PM — quietOct 8, 9 PM — quietOct 9, 12 AM — quietOct 9, 3 AM — quietOct 9, 6 AM — 1 piece · 1 article — Newswires 1Oct 9, 9 AM — quietOct 9, 12 PM — quietOct 9, 3 PM — quietOct 9, 6 PM — quietOct 9, 9 PM — quietOct 10, 12 AM — quietOct 10, 3 AM — quietOct 10, 6 AM — quietOct 10, 9 AM — quietOct 10, 12 PM — quietOct 10, 3 PM — quietOct 10, 6 PM — quietOct 10, 9 PM — quietOct 11, 12 AM — quietOct 11, 3 AM — quietOct 11, 6 AM — quietOct 11, 9 AM — quietOct 11, 12 PM — quietOct 11, 3 PM — quietOct 11, 6 PM — quietOct 11, 9 PM — quietOct 12, 12 AM — quietOct 12, 3 AM — quietOct 12, 6 AM — quietOct 12, 9 AM — quietOct 12, 12 PM — quietOct 12, 3 PM — quietOct 12, 6 PM — quietOct 12, 9 PM — quietOct 13, 12 AM — quietOct 13, 3 AM — quietOct 13, 6 AM — quietOct 13, 9 AM — quietOct 13, 12 PM — quietOct 13, 3 PM — quietOct 13, 6 PM — quietOct 13, 9 PM — quietYesterday, 12 AM — quietYesterday, 3 AM — quietYesterday, 6 AM — quietYesterday, 9 AM — quietYesterday, 12 PM — quietYesterday, 3 PM — quietYesterday, 6 PM — quietYesterday, 9 PM — quietToday, 12 AM — quietToday, 3 AM — quiet 1–2
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  1. 1

    Officials believe current Fed rate too low to restrain economy

    Multiple policymakers stated the Fed's rate of 3.9% is too low or acting only as a mild restraint on economic activity, suggesting they would support multiple rate hikes. Market forecasts, however, expect rates unchanged at the Oct. 28-29 meeting with a hike likely in December.

    “will need to come to our own judgement, which may take more time…”
    — Philip Jefferson, Fed vice chair
    • GeoWire@mastodon.social

      ⚡ NEWS Fed Signals Potential Rate Hike as Markets React Federal Reserve minutes from the September meeting indicate that most participants believe another interest rate increase is likely appropriate by year-end. Following this disclosure, stock markets dropped as bond yields continued to climb,... 📰 https://www. msn.com/en-us/money/top-stocks…

      GeoWire@mastodon.socialMastodon7d agoview on Mastodon ↗
    2 more of the top 3 · 3 posts in this stretch
    • BREAKING: September Fed Meeting Minutes show that most Fed officials expect another interest rate hike by year-end. All 19 Fed officials backed the September interest rate hike. Almost all Fed officials see inflation risks tilted upward, with some warning AI could push demand above supply and inc...

      @kobeissiletterX6d agoview on X ↗
    • Watch Fed Minutes Show Unity Behind September Rate Hike - Bloomberg https://www. bloomberg.com/news/videos/2026 -10-07/fed-minutes-show-unity-behind-september-rate-hike-video?utm_source=flipboard&utm_medium=activitypub Posted into Bloomberg Television @ bloomberg-television-bloomberg

      bloomberg@flipboard.comMastodon7d agoview on Mastodon ↗
    all of them →
  2. background

    Minutes detail inflation drivers including data center construction and energy costs — The Fed identified multiple factors keeping inflation elevated between 2.5% and 3%: higher oil and gas prices from the Iran war, tariff effects, and spiking semiconductor and electrical component prices due to rapid data center construction for AI investment. Core inflation stood at 3% in August, above the 2% target.

  3. 2

    Fed minutes show officials expect another rate hike needed this year

    The Federal Reserve released meeting minutes Wednesday revealing that most officials believe another interest rate increase will likely be needed before year-end. Officials unanimously agreed inflation remained elevated and had not progressed toward their 2% target in recent months.

    “Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation…”
    — Federal Reserve officials
    1. 15 outlets first by NY Post, 7d ago · also Anadolu Agency, CNBC, FT, Investing.com News, Scripps News, The Hill +8 · read ↗

    2. first by Reuters, 7d ago · also WSJ, Quartz, Investing.com News, Semafor, Bloomberg Markets, Bloomberg Economics +1

      6 more headlines
    1 more claim →
  4. background

    Fed raises rates by quarter-point to 3.9% in first hike in three years — The Federal Reserve increased its key interest rate by 0.25% to approximately 3.9% at its Sept. 15-16 meeting, marking its first rate increase in three years amid persistent inflation concerns.

What people are saying 3 voices from 1 site · best of 6 · verbatim