Bloomberg Surveillance · Tuesday, September 8, 2026
Inflation remains significantly above the Federal Reserve's target, suggesting a high probability of a September rate hike. This is despite some internal discussion and differing views among Fed officials on the necessity and impact of further rate increases.
“Growth remains resilient. Inflation remains well above target. The Fed It's likely headed towards a September rate hike.”
“And I think the reason I say that, what's changed from the July meeting to now is we got another month of inflation data.”
“And the July number suggested it was a one-off? Well, the July number suggested it was a one-off. And so, I think we're back to inflation doesn't seem to be making much progress, which is the message that Warsh gave us at Jackson Hole.”