Williams Sees 1 More 2026 Rate Hike as Markets Trim October Odds

1 articles · Updated · Bloomberg · Sep 30

John Williams said one more Fed rate hike “late this year” may be appropriate after the central bank’s increase earlier this month, framing it as a step to contain inflation.
No urgency to move was his main qualifier: the New York Fed chief said policymakers can wait rather than rush into an October increase just before midterm elections.
Investors responded by dialing back expectations for an October hike, shifting bets toward a later move in 2026 instead.
The remarks keep the Fed’s inflation fight in focus while signaling that timing—not the possibility of another increase—is now the key market question.