{"id":438374,"date":"2026-09-18T22:41:24","date_gmt":"2026-09-18T15:41:24","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/kansas-city-feds-schmid-recent-data-suggest-inflation-trending-above-3-438374\/"},"modified":"2026-09-18T22:41:24","modified_gmt":"2026-09-18T15:41:24","slug":"kansas-city-feds-schmid-recent-data-suggest-inflation-trending-above-3","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/kansas-city-feds-schmid-recent-data-suggest-inflation-trending-above-3-438374\/","title":{"rendered":"Kansas City Fed&#8217;s Schmid: recent data suggest inflation trending above 3%"},"content":{"rendered":"<div>\n<p dir=\"ltr\">Comments from Kansas City Fed&#8217;s Schmid cross the wires:<\/p>\n<ul dir=\"ltr\">\n<li>Supported the rate hike; recent data suggest inflation trending above 3%<\/li>\n<li>The rate hike was a step towards returning to the 2% target<\/li>\n<li>The current inflation problem is &#8220;not just about energy&#8221; \u2014 price growth has been &#8220;hot&#8221; across a broad set of goods and services<\/li>\n<li>High inflation is a sign supply and demand are out of balance<\/li>\n<li>Outside of inflation, the economy is performing well<\/li>\n<\/ul>\n<p dir=\"ltr\">Analysis: Schmid&#8217;s message leans hawkish. He backed the recent hike and points to data showing inflation running above 3%, framing it as a broad-based problem rather than one driven by energy alone \u2014 that &#8220;hot&#8221; characterization across goods and services suggests he sees underlying price pressure as more persistent than transitory. Pairing that with his supply-demand imbalance comment reinforces the idea that he views current policy settings as still justified, if not in need of more work, to get back to target.<\/p>\n<p dir=\"ltr\">The one balancing note is his read on the broader economy \u2014 outside of inflation, he says it&#8217;s performing well, which suggests this isn&#8217;t a growth-scare argument for tightening but a straightforward inflation-fighting one. Next catalyst to watch: any upcoming inflation prints or FOMC commentary that would either confirm the above-3% trend he&#8217;s citing or push back against it.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Comments from Kansas City Fed&#8217;s Schmid cross the wires: Supported the rate hike; recent data suggest inflation trending above 3% The rate hike was a step towards returning to the 2% target&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-438374","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=438374"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438374\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}