Westpac IQ
The FOMC seeks a timelier return to target
September 17 2026 • 5 mins
The FOMC delivered a 25bp increase in September to limit secondary inflation risks from energy prices and strength in domestic investment. Members should follow up with a second 25bp hike in October to give participants confidence inflation will return to target in a timely manner. November’s election is a risk to this timeline, however.
By
Elliot Clarke
Head of International Economics
- Luci Ellis Luci Ellis
- Martin Whetton Martin Whetton
- Robert Rennie Robert Rennie
- Elliot Clarke Elliot Clarke
- Matthew Hassan Matthew Hassan
- Justin Smirk Justin Smirk
- Mantas Vanagas Mantas Vanagas
- Kelly Eckhold Kelly Eckhold
- Damien McColough Damien McColough
- Sian Fenner Sian Fenner
- See all authors See all authors
20
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