Ahead of the Fed's October 27–28 meeting, September minutes showed most officials saw another rate increase by year end as likely appropriate. At that September meeting the Fed raised its target range by a quarter percentage point to 3.75%–4%, while consumer prices rose 3.7% over the 12 months to September, up from 3.4% in August. Credit card balances rose $21 billion in the second quarter to $1.26 trillion, and 4.7% of household debt was in some stage of delinquency, per the New York Fed. Third-quarter reports showed Capital One net income of $3.5 billion with its card net charge-off rate falling to 4.01% from 4.71%, Synchrony net earnings of $892 million, Ally adjusted EPS of $1.34 (up 16%), and JPMorgan credit costs of $2.7 billion.
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DXY
• NeutralRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 101.70 |
| Change that session | -0.28% |
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- Fed chair says price stability is key but shies away from rate signals
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