Williams Comments Slash October Rate Hike Odds Below 50%

Key Facts

New York Fed President John Williams stated the central bank has time to assess economic data, causing rate hike odds for the October meeting to fall. According to 247wallst.com, market-implied odds for an October move dropped below 50% following his remarks, down from 70% earlier in the week.

Williams, who serves as the vice chair of the Federal Open Market Committee, emphasized that the Fed is not in a rush to hike rates while monitoring economic developments. He noted that inflation, which he cited at 3.7%, remains high, following the Federal Reserve's decision to lift rates by a quarter point on September 16, 2026.