Business
US and Japanese central banks signal possible September rate hikes as inflation persists
September 6, 2026 at 07:24 AM
Coverage
2 reports · over 43 hours
Senior officials at the US Federal Reserve and the Bank of Japan said they may raise interest rates at their September meetings if inflation data remain elevated.
- Fed Governor Christopher Waller said he would support raising rates at the September 15-16 meeting if August data show inflation pressures persisting.
- Fed Chair Kevin Worsh said the central bank still has "work to do" if inflation remains above its 2 percent target.
- The personal consumption expenditures price index registered 3.7 percent in July, above the Fed's long-term target.
- Bank of Japan Governor Kazuo Ueda said the policy board will discuss whether to raise rates at its September 17-18 meeting as core inflation approaches the 2 percent target.