Economy
Fed Holds in October; Markets See 77% Chance of a December Rate Hike
via Federal Reserve
The Federal Reserve voted 10–2 to keep rates at 3.75–4.00% at its October 28 meeting, pausing after September's first rate increase since 2023. Markets are now pricing about a 77% chance of another hike when policymakers meet again on December 9.
Why it matters
A December rate hike would push up interest on variable-rate credit cards, home equity lines, and auto loans for millions of households.


