Fed Rate Decision October 2026: A Hold Is Priced, December Is the Trade
The Fed rate decision on 28 October 2026 is the most searched event in forex this week, and the decision itself is close to settled: a hold at 3.75–4.00% is priced at around 90%. What is not settled is December, where a second hike of the year is priced near 80%, and that is what Chair Kevin Warsh's press conference will move. This guide covers what has changed since the September hike, what the market has priced, the four scenarios for the dollar, gold and NAS100, and a plan for the 18:00 UTC release.