{
  "id": 9394586,
  "title": "Mounting inflation pressures put more Fed rate hikes in view",
  "url": "https://urgent.news/2026/09/23/mounting-inflation-pressures-put-more-fed-rate-hikes-in-view-9394586",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T18:57:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20260924/mounting-inflation-pressures-put-more-fed-rate-hikes-in-view"
  },
  "original_language": "en",
  "account": "Mounting inflation pressures and a robust economy are leading the Federal Reserve towards additional interest rate hikes, particularly as the country approaches significant national elections, according to traders. On Wednesday, traders were actively positioning themselves for a second consecutive Fed rate increase by late October. A key indicator of U.S. business activity, the S&P Global flash U.S. Composite PMI Output Index, surged to its highest level since July 2021, reported S&P Global. The survey's measure of prices paid by businesses for inputs reached a near four-year high. Oil prices experienced a significant rise, with Brent crude futures increasing by approximately 2 percent to $101.09 a barrel. Diesel fuel prices have also surged past $6.50 a gallon due to ongoing tensions in the U.S.-Iran conflict, which continue to disrupt global oil supply. Diesel fuel, in particular, poses a risk of further price pressures as it powers the machinery and trucks essential for producing and transporting goods across the economy. Fed Governor Michael Barr stated on Wednesday that the rising inflationary risks and strong economy likely mean the Fed will implement more rate hikes, as part of a growing trend.",
  "summary": "Mounting inflation pressures and a strengthening economy look to be pushing the Federal Reserve towards an interest-rate hike on the eve of critical national elections, with traders on Wednesday piling into bets on a second straight Fed rate increase in late October. A closely watched measure of U.S. business activity, S&P Global's flash U.S. Composite PMI Output Index, jumped this month to its…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "CNBC World",
        "title": "Market sees next Fed hike in October, following Barr comments and hot inflation reading",
        "url": "https://urgent.news/2026/09/23/market-sees-next-fed-hike-in-october-following-barr-comments-and-hot",
        "published": "2026-09-23T17:14:13.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Fed official backed more rate hikes as inflation data pushed October odds higher",
        "url": "https://urgent.news/2026/09/23/fed-official-backed-more-rate-hikes-as-inflation-data-pushed-october",
        "published": "2026-09-23T17:20:36.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Mounting inflation pressures put more Fed rate hikes in view",
        "url": "https://urgent.news/2026/09/23/mounting-inflation-pressures-put-more-fed-rate-hikes-in-view",
        "published": "2026-09-23T18:47:02.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "Fed's Barr says future interest rate hikes 'likely' needed to tame inflation",
        "url": "https://urgent.news/2026/09/23/feds-barr-says-future-interest-rate-hikes-likely-needed-to-tame",
        "published": "2026-09-23T23:12:50.000Z"
      }
    ]
  },
  "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."
}