The Federal Reserve’s federal funds target range stands at 3.75–4.00% following the September 2026 25-basis-point hike, the first tightening move since 2023. Persistent inflation—September CPI at 3.7% year-over-year and core PCE near 3.0–3.4%—has kept policy restrictive, with the FOMC’s median dot plot projecting 4.1% by year-end 2026 and again in 2027. Recent hotter-than-expected CPI, PPI, and import-price prints have reinforced trader focus on whether the October 28 decision delivers another 25 bp increase. Labor-market cooling (unemployment at 4.2%, weak September payrolls) and the December SEP release remain key swing factors that could shift the terminal rate path before 2027 resolution.
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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