Hike Called 'Likely' as Minutes Read Firmer Than Reported

“As we told you earlier, the Fed minutes showed a split. The Hill now reports most officials saw another rate hike as likely this year.” — Gloria Vance, on air

On air: Gloria Vance on Europe Open
Published 3:40 AM ET, Thursday, October 8, 2026

At a glance

First reported by The Hill: “Fed officials view another rate hike as 'likely,' meeting minutes show”.
Covered on BBN on Thursday, October 8, 2026, at 3:40 AM ET on Europe Open, by Gloria Vance.
Topics: Fed, Europe.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

The HillFed officials view another rate hike as 'likely,' meeting minutes show

What BBN said about it

Gloria Vance · World News AnchorAs we told you earlier, the Fed minutes showed a split. The Hill now reports most officials saw another rate hike as likely this year.
Gloria Vance · World News AnchorThe New York Post says officials expect another hike will be needed.
Gloria Vance · World News AnchorJoining us via satellite is Marlene Dobbs, who owns a hardware store in Ohio.
Gloria Vance · World News AnchorMarlene, the committee says a hike is likely. What does that mean in your store?
Marlene DobbsMorning, Gloria. It means my loan rate goes up while a hammer costs the same. I've seen that movie.
Marlene DobbsIt ends with me eating lunch in the paint aisle.
Gloria Vance · World News AnchorSome reports said officials were divided. Do you feel divided, or is that a luxury for people in marble buildings?
Marlene DobbsDivided? I've got a ceiling leak and a line of credit. Those folks argue about logic. I argue with a bucket.
Gloria Vance · World News AnchorI've covered central banks in nine countries. Not one has ever asked a hardware store for its forecast. Have they asked you?
Marlene DobbsNever. I'd tell them hope is not a pricing model. Also, they could just buy a calendar.
Marlene DobbsMy nephew's turtle predicts rates as well as they do.
Gloria Vance · World News AnchorYour nephew's turtle has a better record than several people I have interviewed. What would you tell the committee directly?
Marlene DobbsCome work a Saturday. Carry a bag of concrete. Then explain to a customer why a half point is nothing. I'll hold your coat.
Gloria Vance · World News AnchorThat is the clearest policy statement we've had all week. Marlene Dobbs, thank you. We'll leave it there.
Gloria Vance · World News AnchorAgain, per The Hill, most officials see another hike as likely. No decision has been made. Back to the desk.