Policy
A Week After Raising Rates, the Fed Says Inflation Is Not Clearly Heading Back to Target
Governor Michael Barr pointed to shelter costs, with primary-residence rent up 34% since December 2019, as long-dated Treasury yields reached their highest levels in two decades.
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By Marcus Elrod
Sep 25, 2026 · 2 min read
Federal Reserve Governor Michael S. Barr used a speech on housing affordability this week to deliver a blunt assessment of where inflation stands, a week after the central bank moved rates again.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.