The Federal Reserve raised interest rates in September for the first time since 2023 without rattling the markets. CME FedWatch data put the probability of another hike at the December 9 meeting at 90%, versus 17% for the October meeting, suggesting markets expect an increase before year-end. Inflation is rising, with the annualized CPI climbing to 3.7% in September from 3.4% the previous month, driven mainly by the Iran war, which pushed fuel oil and gasoline up 74% and 34% year over year. The article warns that another hike could revive fears of a repeat of 2022, when the S&P 500 fell more than 19%, and says a balanced mix of stocks across market areas could help manage this uncertainty.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 101.98 |
| Change that session | +0.20% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 718.36 |
| Change that session | +1.21% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 766.48 |
| Change that session | +0.42% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/19/2026 | 4,140.75 |
| Change that session | -0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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