Fed Chair Warsh Declines to Signal October Rate Decision

Federal Reserve Chair Kevin Warsh declined to signal whether the central bank will raise interest rates at its October 27–28 meeting.

• Warsh, speaking with IMF Managing Director Kristalina Georgieva in Bangkok, declined to signal whether the Fed will raise rates at its October 27–28 meeting.
• Warsh said he does not prejudge meeting outcomes and will not disclose his plans for the remaining meetings this year.
• The Fed raised rates by a quarter point in September to 3.75–4%, the first increase in three years.
• Core CPI rose 0.33% in September, the second consecutive strong monthly reading, while producer price data released Thursday showed additional price pressure.