Will there be no change in Fed interest rates after the October 2026 meeting?
Supports the assessment
The September 16, 2026 FOMC statement raised the target range by 25bp to 3.75-4.00% by a unanimous 12-0 vote, stating inflation remains elevated and the action supports a timelier return to 2%; this recent unanimous hike signals momentum toward further tightening rather than a pause.
federalreserve.gov · Sep 16 ↗Challenges the assessment
August 2026 core PCE rose only 0.2% m/m and headline PCE 0.3% m/m; the monthly core pace is closer to target than the 3.0% y/y rate, which could give the FOMC reason to pause rather than hike again in October.
bea.gov · Sep 30 ↗