A Reuters poll conducted October 16-20 found all 100 economists now expect the Fed to raise rates in December, compared with fewer than half in the previous month's survey. For the October 27-28 meeting, 94 of 100 expect the federal funds rate to stay at 3.75%-4.00%. Nearly 60% of economists expect the policy rate to peak at 4.00%-4.25%, and 38 of 92 respondents forecast at least two more hikes, up from about one-fifth in September. Inflation has been above the Fed's 2% target for nearly six years, and higher energy costs from the U.S.-Israeli war with Iran and new tariffs keep adding to price pressure, with PCE not expected to return to 2% until at least 2028.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/22/2026 | 81,416.09 |
| Change that session | -3.18% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/22/2026 | 2,389.14 |
| Change that session | -3.42% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.47 |
| Change that session | -2.86% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 763.96 |
| Change that session | -1.18% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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