Interest rates: Is Fed done with rate hikes?

." In September, the FOMC made the decision to hold rates steady, waiting to see how the economy unfolds. While surging treasury yields have brought inflation down, with all the economic headwinds and geopolitical conflicts, some analysts are skeptical of Harker's announcement.

In regards to the ongoing conflict, Mayfield explains that the Fed's main concern is domestic economy. However, Mayfield says,"If there's a shock at the pump and consumers incorporate higher gas prices into their inflation expectations, it can kind of feed the inflationary beast and the Fed would have to respond to that. It might add a little complexity to their job, but I think they'll remain focused on the domestic economy first and foremost.

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Fed’s Patrick Harker says interest rate hikes likely over amid ongoing disinflationThe Federal Reserve Bank of Philadelphia President noted he supports the Fed’s longer-range expectations for monetary policy, while flagging the uncertainty of how long rates will need to remain elevated
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Fed’s Harker Reiterates Call for Holding Interest Rates SteadyFederal Reserve Bank of Philadelphia President Patrick Harker said disinflation is under way and reiterated that he favors holding interest rates where they are, barring a sharp change in data.
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