Fed Will Not Raise Rates 25 Bps After October Meeting

The Fed will not increase the upper bound of the target federal funds rate by 25 basis points after its October 27-28, 2026 meeting. That outcome will come despite the June 17, 2026 FOMC decision that had held the range at 3-1/2 to 3-3/4 percent and the June dot plot showing nine of 18 officials lo…