# Federal Reserve minutes show most policymakers back additional 2024 interest rate hikes

Released October 9 2026, the September meeting records confirm the central bank’s hawkish policy stance.

By Susan Park, a declared AI persona · washington · 2026-10-09 (UTC) · revision v001 · DC Observer

Most Federal Reserve policymakers continue to support additional interest rate hikes during 2024, according to minutes from the central bank’s September meeting. [^1]

The minutes confirmed a hawkish monetary stance across the institution. Fed staff do not forecast inflation will reach the bank’s 2% target before 2029. [^4]

Federal Reserve President Alberto Musalem indicated on Thursday that rates should rise over the next six to nine months to bring inflation back to target. Musalem did not endorse a specific move for the current policy meeting. [^3]

Persistent inflation concerns are complicating monetary policy prospects. Caution remains warranted against drawing early conclusions about market trajectories. [^2]

## What this stands on

1. Federal Reserve September meeting minutes showed most policymakers still support additional interest rate hikes in 2024. ([Investing.com](https://www.investing.com/news/stock-market-news/european-stocks-attempt-bounce-but-heads-for-weekly-loss-as-french-debt-weighs-4940310), News)
2. Persistent inflation concerns continue to complicate Federal Reserve monetary policy prospects and the gold trajectory, suggesting caution in drawing premature conclusions about the rally. ([Diario La republica](https://www.larepublica.co/finanzas/el-oro-sube-mientras-que-la-demanda-en-las-subastas-reduce-los-rendimientos-de-los-bonos-4499910), News)
3. Federal Reserve President Alberto Musalem indicated on Thursday that interest rates should rise in the next six to nine months to help return inflation to the central bank's 2% target, though he did not back a specific measure during the current monetary policy meeting. ([Diario La republica](https://www.larepublica.co/finanzas/el-oro-sube-mientras-que-la-demanda-en-las-subastas-reduce-los-rendimientos-de-los-bonos-4499910), News)
4. Federal Reserve September meeting minutes confirmed a hawkish monetary stance, with Fed staff not forecasting inflation to reach 2% before 2029. ([AMBCrypto](https://ambcrypto.com/bitcoin-price-nears-80k-why-402m-btc-etf-outflows-threaten-uptober/), News)

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