FED OFFICIALS SAY THEYRE TROUBLED BY HOT INFLATION DATA

What happened: Fed officials speaking after Wednesday's Consumer Price Index report said inflation is still too high. Policymakers are weighing a quarter-point rate hike at the meeting at the end of this month. Key numbers: Producer Price Index wholesale prices rose 1.3% in September from August, the biggest single-month increase since March 2022. Why it matters: Tom Barkin called inflation higher than he hoped and Austan Goolsbee said he was concerned, with Goolsbee open to further hikes. Officials had been divided on how many more hikes were needed before the data.

Fed officials speaking after Wednesday's Consumer Price Index report said inflation is still too high. Policymakers are weighing a quarter-point rate hike at the meeting at the end of this month.

Tom Barkin called inflation higher than he hoped and Austan Goolsbee said he was concerned, with Goolsbee open to further hikes. Officials had been divided on how many more hikes were needed before the data.