John Williams

Money Moves

Said there is 'no need for urgency' in changing monetary policy, but one more rate increase may be appropriate later this year

Employers added 165,000 jobs in October, far more than forecast, and unemployment fell to 4.1%, the Labor Department said Nov. 6. The report suggests the labor market is holding up even as hiring has slowed from earlier in the year.

Updated Yesterday

Money Moves

Signaled no need for urgency on an October hike

The Federal Reserve held its benchmark rate at 3.75% to 4.00% on October 28. Two officials dissented in favor of another quarter-point hike. Chair Kevin Warsh said inflation is still too high, though he called financial conditions tighter rather than tight.

Updated Oct 31

Money Moves

As of October 2026: Signaling no rush to hike further

The 30-year Treasury yield has climbed above 5.6%, the highest since 2002. On October 1 it hit 5.67%, its highest since April 2002. The 10-year yield is near 5.25%, its highest since 2007.

Updated Oct 5

Money Moves

As of October 2026: Signals no need to rush additional hikes

The 10-year Treasury yield broke past 5.3% for the first time since 2002, touching 5.342% on Oct. 1 before settling near 5.25%. The global bond selloff posted its biggest quarterly rise this century.

Updated Oct 2