🏦 Fed Decision Day is Tomorrow
The FOMC wraps up its two-day meeting tomorrow, Wednesday, September 16, with the rate decision due at 2:00 PM ET, followed by Chair Warsh's press conference at 2:30 PM ET. (fedratecalc.com)
Where things stand:
Current target range: 3.5%–3.75%, held at the July meeting by a 9–3 vote (fedratecalc.com)
Markets are pricing roughly an 85% chance of a 25bp hike to 3.75–4.00% — what would be the first hike of 2026 (thriveinmarkets.com)
This is also a Summary of Economic Projections (SEP) meeting, so the "dot plot" of future rate forecasts drops alongside the statement
Sticky inflation above the Fed's 2% goal, plus hawkish signals from Chair Warsh at Jackson Hole, pushed hike odds up sharply from around 36% in late August to above 50% (atfxcapital.com)
Why it matters: A hawkish surprise could jolt stocks, Treasury yields, the dollar, and crypto. Watch the dot plot as closely as the headline number — it'll shape rate expectations into 2027.
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