The FOMC held the federal funds target range at 3.75% to 4%, after a quarter-point hike in September. September inflation was 3.7% year over year, well above the Fed's 2% target and up from 3.4% in August, and the committee said it wants more information before further action. The author expects a hike at the December 8–9 meeting, and futures markets put a 76% chance on a quarter-point increase then. Markets also see a 76.5% chance of at least one more hike in 2027 and about 43% odds of two or more. Research from Charles Schwab, cited in the article, suggests slower Fed tightening tends to support stronger stock returns.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 101.96 |
| Change that session | +0.08% |
AUD/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 0.70319 |
| Change that session | +0.04% |
EUR/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 1.11601 |
| Change that session | -0.20% |
GBP/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 1.33901 |
| Change that session | +0.08% |
NZD/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 0.56306 |
| Change that session | -0.05% |
USD/CAD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 1.39746 |
| Change that session | -0.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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