Fed Will Hike Rates Before Year End, 25 Basis Points

The Fed will raise the upper bound of the target federal funds rate between September 17, 2026 and the end of the December 8-9, 2026 meeting, marking another tightening after September's 25 basis point increase that set the range at 3.75%-4.00%. The October 28 FOMC vote was 10-2 to hold at 3.75%-4.…