DWF Labs(@DWFLabs):FOMC holds at 3.75–4.00%. Vote: 10–2. Both dissents (Cook, Hammack) wanted another 25bp hike. That’s two votes for back-to-back tightening less than a week before the midterms. What Warsh put on the table: 1) H1 GDP revised up to 2.4%, from 1.8% 2) Q3 likely tracking above 3% 3) Inflation above target for close to six years No clear signal on December. Overall, the meeting delivered an expected hold with hawkish undertones. Scheduled rate decisions drop to seven in 2027 and six in 2028. Fewer decision points and no guidance between them means each meeting carries more weight, and more risk of surprise.

2026.10.29 00:51

FOMC holds at 3.75–4.00%. Vote: 10–2. Both dissents (Cook, Hammack) wanted another 25bp hike. That’s two votes for back-to-back tightening less than a week before the midterms. What Warsh put on the table: 1) H1 GDP revised up to 2.4%, from 1.8% 2) Q3 likely tracking above 3% 3) Inflation above target for close to six years No clear signal on December. Overall, the meeting delivered an expected hold with hawkish undertones. Scheduled rate decisions drop to seven in 2027 and six in 2028. Fewer decision points and no guidance between them means each meeting carries more weight, and more risk of surprise.