WashingtonMost Federal Reserve officials expect another rate hike by year-end.
Officials disagree on why: one camp fights energy-price spillover, another demand-driven inflation.
September’s quarter-point rise passed unanimously, yet officials disagreed whether it was precautionary or a shift to significantly tighter policy.
Investors expect a hold at 3.75%-4.00% this month after weaker jobs and inflation data, then a December hike.
Some officials want faster hikes, so the 28 October decision could draw multiple dissents.
How each outlet framed it
- Reuters
- maps disagreement between precautionary (supply shock insurance) and hawkish (demand-driven inflation) rationales for same rate hike
- Bloomberg Business
Sources: Reuters, Bloomberg Business