Jason Schenker, president of Prestige Economics, who was the first to predict the Federal Reserve's September rate hike, stated that the Fed lacks sufficient data to support another rate hike at its October meeting and will therefore keep interest rates unchanged. He believes that if inflationary pressures persist, the Fed might raise rates by 50 basis points at its December meeting. Schenker noted that more employment and CPI data will be available for decision-making between the October and December meetings, and if the September rate hike proves ineffective, the Fed might opt for a larger rate increase.