The majority of Federal Open Market Committee (FOMC) officials believed that another rate hike was likely this year, according to minutes from the panel’s last meeting released by the central bank on October 7, 2026. The minutes indicate that most participants assessed the outlook for monetary policy beyond the current meeting as supportive of an increase in the target range for interest rates.
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FOMC minutes indicate likelihood of another rate hike
Minutes from the Federal Open Market Committee's recent meeting suggest that most officials anticipate another rate hike this year. The central bank released these minutes on October 7, 2026.
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Fed officials view another rate hike as ‘likely,’ meeting minutes show
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FOMC minutes indicate likelihood of another rate hike