# Barkin sees interest rate hikes ahead, but at a gradual pace

- URL: https://talkfuse.com/story/barkin-sees-interest-rate-hikes-ahead-but-at-a-gradual-pace/
- Published: 2026-11-05T15:16:05+00:00
- Updated: 2026-11-05T15:22:22+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/05/barkin-sees-interest-rate-hikes-ahead-but-at-a-gradual-pace.html
- Topics: Business, Economy, Government, Politics

## Key points

- Barkin expects further US rate rises at a gradual pace.
- The benchmark rate remains at 3.75% to 4%.
- He flagged inflation and hyperscaler debt as risks.

## Summary

Richmond Fed president Thomas Barkin expects the US central bank will need to raise interest rates further, but says the pace should be gradual because uncertainty and incoming data matter. His comments point to continued concern about inflation, even as the Federal Reserve waits for more information before deciding its next move.

The Fed’s benchmark rate is currently 3.75% to 4%, after officials held it steady at their latest meeting. Markets put the chance of a December increase above 80%, with another move expected in 2027; Barkin will join the rate-setting committee as a voting member next year. He also described policy as possibly slightly accommodative, said AI may add to price pressures before boosting production, and flagged more than $500 billion in this year’s hyperscaler debt issuance as worth monitoring for credit risks.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.