Economy and macroUpdated Yesterday

Fed officials split on rate-hike pace

Recent comments from Federal Reserve officials show differing views on the pace of further rate increases. Bloomberg reported that San Francisco Fed President Mary Daly said additional increases would likely be needed to bring inflation down, noting that more businesses were considering price increases. Boston Fed President Susan Collins said increases would be needed soon as price pressures broadened. Cleveland Fed President Beth Hammack, in comments summarized by Axios, favored a more gradual approach, saying sharper moves would be more disruptive to the wider economy; these are individual views, not a Federal Open Market Committee decision. The Saudi Press Agency reported that US consumer prices rose 0.4% from September to October, with no annual rate published because October 2025 comparison data were unavailable. The agency has also linked oil-supply concerns to US and Iranian attacks on vessels in the Strait of Hormuz and elsewhere. In an announcement carried by the agency, the Saudi Ministry of Foreign Affairs condemned Iran’s targeting of the Saudi tanker Sudr in the Strait of Hormuz. The Kingdom called on all parties to de-escalate, respect international law and return to negotiations and peaceful solutions.

2 publishers3 reports

Coverage started November 12