September Hike Sets Up October Rate Decision

The September 16 FOMC unanimously raised rates 25 basis points to 3.75%–4.00%, and the SEP indicated at least one further increase in 2026. October 28 previews favor a hold, with cited hold odds ranging from 90.6% on FedWatch to 94% on Polymarket; other analysts anticipate a December hike. These are market and analyst expectations, not a Fed commitment.