homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

October 8, 2026

Fed minutes: Another rate hike likely coming this year to combat persistent inflation

  • The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank's most recent meeting.

    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. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.