The latest communication from the Federal Reserve did not pave the way for consecutive rate hikes in October.

Analyst Chris Anstee stated that the latest communications from Federal Reserve policymakers indicate they are not laying the groundwork for consecutive rate hikes in October. Today's stronger-than-expected core CPI increase is likely insufficient to change this. However, it will reinforce expectations that the Federal Reserve will further tighten policy. The September rate hike is almost certainly not a "one-off action."