{
  "id": 8270492,
  "title": "Fed’s Schmid supports rate hike as inflation broadens beyond 3%",
  "url": "https://urgent.news/2026/09/18/feds-schmid-supports-rate-hike-as-inflation-broadens-beyond-3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T15:41:15.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/feds-schmid-supports-rate-hike-as-inflation-broadens-beyond-3-202609181541"
  },
  "original_language": "en",
  "account": "On Friday, Kansas City Federal Reserve President Jeffrey Schmid voiced support for a rate hike, stating that recent data indicated inflation had surpassed the 3% mark. Schmid explained that tightening policy is a means to attain the Fed's 2% inflation target, noting that inflation has spread across various goods and services. He emphasized that the robust economy is not solely driven by energy prices, with prices increasing across a broad spectrum of goods and services. Inflation, a sign of supply and demand imbalance, is a concern beyond energy. Despite this, Schmid affirmed that the economy is performing well overall, with the labor market appearing balanced and economic growth solid.",
  "summary": "On Friday, Kansas City Federal Reserve (Fed) President Jeffrey Schmid said he supported the rate hike, as “recent data suggest inflation trending above 3%.” Schmid added that tightening policy is a step toward achieving the Fed’s 2% goal, that inflation has broadened across a set of goods and servic",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}