Fed Rate Decision October 2026: Why Another Rate Hike Is Still on the Table

The U.S. Federal Reserve is widely expected to keep its federal funds target range unchanged at 3.75%–4.00% on October 28, 2026, but the article says the pause could be temporary. A Reuters poll conducted October 16–20 found 94 of 100 economists expect a hold in October, while all 100 expect an increase in December. The policy decision is scheduled for 2:00 p.m. Eastern Time on Wednesday, followed by Chair Kevin Warsh’s press conference at 2:30 p.m. Markets are focused on whether tightening is nearing an end. Inflation and resilient economic activity keep another hike possible, with Reuters expecting headline PCE inflation to rise from 3.4% (August) to 3.6% (September). The next FOMC meeting is December 8–9.