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News 2026-10-01 19:34 UTC

US Market Wrap 01/10/2026: Reports Trump Told Aides May Go Back To Striking Iran In Late Nov, ISM Mfg Index Lower In Sep But Still Shows Growth, FOMC Members Warn Inflation Is Still Too High, US Asked Europe To Release Over One Third Of Diesel Reserve

Reports Trump Told Aides May Go Back To Striking Iran In Late Nov US ISM Mfg Index Lower In Sep But Still Shows Growth US Construction Spending Growth Surprises Higher In August Fed s Jefferson: Officials May Need More Time for Next Move Fed's Kashkari Expects More Hikes, Unsure On This Month Fed's Schmid, Collins, Bar

News 2026-10-01 17:43 UTC

Fed's Kashkari expects more rate hikes, unsure on next move

Federal Reserve Bank of Minneapolis President Neel Kashkari stated on Thursday that he anticipates further interest rate increases will be necessary to curb economic growth through 2027. However, he expressed uncertainty regarding the timing of the next rate adjustment, specifically whether it should occur later this m