Federal Reserve officials signaled a cautious approach to interest rates, with Governor Christopher Waller suggesting that while further hikes may be necessary, they do not need to be consecutive. September meeting minutes indicated that most participants expect one more rate increase by year-end, though markets currently price an 80% probability of no change at the next meeting. Meanwhile, global central banks show mixed outlooks, with a decreased likelihood of a Bank of Canada hike following job losses and a high probability of a Bank of England increase. Additionally, an inquiry was launched into Governor Lisa Cook regarding allegations of false statements, coinciding with ongoing debates over future monetary policy.
Market bets for an October Bank of Canada hike fell to 21% after a 68.3K job loss, while Bank of England hike odds reached 86%.
Read the full storyGovernor Christopher Waller suggests economic data may justify more hikes without consecutive moves, as September minutes show support for a year-end rate increase.
