Fed's Updated Dot Plot Points to Additional 2026 Rate Hike as Growth Firms
The Fed raised rates by 25 bps to 3.75%-4.00%, with the dot plot signaling one more 2026 hike.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
The Fed raised rates by 25 bps to 3.75%-4.00%, with the dot plot signaling one more 2026 hike.
The Federal Reserve raised rates by 25 basis points to 3.75-4%, citing resilient spending and strong productivity, aiming for price stability.
The Bank of Canada's Governing Council sees near-term inflation staying elevated, while markets anticipate over 100 basis points of rate hikes.
Kevin Warsh reduces signalling in the FOMC statement; a close vote could rock markets.
The Atlanta Fed GDPNow model raised its Q3 growth estimate to 5.1% from 4.4% as consumer and government spending forecasts increased.
Fed Chair Warsh faces his first major credibility test as markets see a 91% rate hike chance, with potential political and market fallout.
The NAHB Housing Market Index fell to 32 in September, below the 34 forecast and down from 35 in August.
Federal Reserve expected to raise rates with 92.7% probability; Bitcoin slips near $76,022 as markets react.
Canadian building permits fell 17.3% in July, far exceeding the 6.4% decline expected, driven by broad weakness in non-residential and residential sectors.
US August retail sales rose 1.2% versus 0.8% expected. Prior month revised to -0.6%.
European markets steady before Fed decision, with oil and bond yields easing.
UK inflation rose to 3.1% in August, a five-month high, ahead of the Bank of England's interest rate decision.
The S&P 500 has reached a pain point with oil above $100, and a hawkish Fed could worsen losses.
Bitcoin fell below $75,500 after the Clarity Act vote failed, with the FOMC decision now in focus.
Markets expect a 25 bps Fed hike today, testing Kevin Warsh's credibility on forward guidance and independence.