FED Pauses Its Hikes – Crypto Gets Five Dates to Watch

At its October meeting, the Federal Open Market Committee left its target range at 3.75%-4.00%, holding policy after September’s quarter-point increase, which was the central bank’s first hike since 2023. September CPI, published October 14, rose 3.7% from a year earlier, while core prices excluding food and fuel rose 2.6%. CME FedWatch data earlier in the week put futures-implied odds of a December increase at roughly 73%-75%. Kevin Warsh, speaking in Bangkok on October 16, declined to prejudge meetings, and October’s decision included no new projections; the next dot plot is due with the December 8-9 meeting, after midterms and key GDP, PCE, jobs and CPI releases.