Rates · United States · Press ✓ 3 outlets
Two Fed officials say more rate rises are needed. Musalem sees US rates going up over the next six to nine months
St Louis Fed President Alberto Musalem said rates ought to rise over the next six to nine months and that more firming would be required (Bloomberg). Fed Governor Christopher Waller said more hikes were needed with flexibility on pace (Reuters, BT). Bloomberg said the oil rally whipsawed Treasuries.
US rates set the tone for global borrowing costs.
Floating-rate mortgage holders should expect SORA to stay high.
Watch the next US inflation data.
DailyDrop Singapore edition No. 5 · Morning · FRI., OCT. 9, 2026