Yes. In remarks prepared for a housing conference in Chicago on September 23, 2026, Federal Reserve Governor Michael Barr said that in his base case, further policy adjustments are likely needed to bring inflation down to target in a timely fashion, even after the prior week’s quarter-point increase that took the federal funds rate to a 3.75%–4% target range.
The same day, S&P Global’s flash PMI gauges showed inflation pressures at their highest since October 2022, and markets priced in about a 73% chance of another hike at the Fed’s October 27–28 meeting, according to CME FedWatch.
Source: CNBC