Recent FOMC projections and the September 16 rate hike to a 3.75-4.00% target range have anchored trader expectations for one additional 25-basis-point increase by year-end. The September Summary of Economic Projections revised the median federal funds rate path to 4.1% at the end of 2026, with 16 of 18 participants anticipating at least one more hike and four seeing two. Minutes released October 7 reinforced this view, noting broad support for further tightening amid elevated inflation risks and a resilient labor market. Upcoming releases on CPI, PCE, and employment before the December 8-9 meeting, which includes fresh projections, remain the primary near-term catalysts that could shift the distribution around the current leading 4.25% outcome.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedView resolved

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