Fed funds rate after Oct 2026 meeting?

Why it moved AI

• NY Fed: tariffs contributed 2.9 pp to goods price inflation by Feb 2026, without them goods prices would have fallen slightly
• Waller: anticipates additional hikes to support timely return of inflation to 2% goal, with flexibility on timing
• Fed minutes: most participants assessed another increase in the target range for the federal funds rate
• Dallas Fed's Logan: Fed likely needs to raise rates by at least another 50 bps to keep inflation from settling above 2%