Federal Reserve Chairman Kevin Walsh did not support or oppose the signals recently released by his colleagues; these signals suggest that officials are in no hurry to raise interest rates this month. Walsh said that the Federal Reserve no longer predicts policy decisions in advance. “I'm not going to predict the outcome of the meeting. “I don't suggest talking about what I might do at the upcoming conference right now,” Walsh said. “The Federal Reserve is starting a new chapter, and we're not doing that anymore.” Walsh made the above statement during a conversation hosted by the host during the International Monetary Fund meeting held in Bangkok on Friday morning local time. At the time, Federal Reserve officials were about to enter a period of silence before the October 27-28 meeting. The Federal Reserve voted unanimously last month to raise interest rates by 25 basis points to a range of 3.75% to 4%. This is the first rate hike in three years. According to predictions released at the conference, most of Walsh's colleagues expect to raise interest rates at least once this year. Walsh has said he wants investors to focus on the economy rather than hints released by Federal Reserve officials about next steps. However, two weeks ago, senior officials discussing policy strategies with Walsh sent a signal indicating that the Federal Reserve is not in a hurry to raise interest rates again this month. Soon after, the probability of an October interest rate hike as reflected in the futures market dropped sharply. However, the September inflation data released this week was firmer than expected. After excluding highly volatile food and energy projects, core consumer prices rose 0.33% month-on-month in September, recording a strong monthly increase for the second month in a row. Another producer price indicator released on Thursday also showed strong results. The Federal Reserve's October meeting will be held less than a week before the midterm elections. This means that whether a decision is made to raise interest rates or keep them unchanged, they may be subject to more political scrutiny than usual.

Federal Reserve Chairman Kevin Walsh did not support or oppose the signals recently released by his colleagues; these signals indicate that officials are in no hurry to raise interest rates this month. Walsh said that the Federal Reserve no longer foretells policy decisions in advance. “I'm not going to predict the outcome of the meeting. “I don't suggest saying what I might do at the upcoming conference right now,” Walsh said. “The Federal Reserve is starting a new chapter, and we're not doing that anymore.” Walsh made the above statement during a conversation hosted by the host during the International Monetary Fund meeting held in Bangkok on Friday morning local time. At the time, Federal Reserve officials were about to enter a period of silence before the October 27-28 meeting. The Federal Reserve voted unanimously last month to raise interest rates by 25 basis points to a range of 3.75% to 4%. This is the first rate hike in three years. According to predictions released at the conference, most of Walsh's colleagues expect to raise interest rates at least once this year. Walsh has said he wants investors to focus on the economy rather than hints released by Federal Reserve officials about next steps. However, two weeks ago, senior officials discussing policy strategies with Walsh sent a signal indicating that the Federal Reserve is not in a hurry to raise interest rates again this month. Soon after, the probability of an October interest rate hike as reflected in the futures market dropped sharply. However, the September inflation data released this week was firmer than expected. Excluding volatile food and energy projects, core consumer prices rose 0.33% month-on-month in September, recording a strong monthly increase for the second month in a row. Another producer price indicator released on Thursday also showed strong results. The Federal Reserve's October meeting will be held less than a week before the midterm elections. This means that whether a decision is made to raise interest rates or keep them unchanged, they may be subject to more political scrutiny than usual.