Rabobank Releases FOMC October Meeting Preview and Full-Year Interest Rate Path Forecast
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Rabobank has released its outlook for the October 2026 FOMC meeting and its forecast for the interest rate path for the remainder of the year, expecting the meeting to maintain the federal funds rate target range at 3.75-4.00%. The bank expects that members Hammack, Kashkari, and Logan will likely dissent in favor of a rate hike, as they did at the July meeting. Chair Warsh will maintain the hawkish tone from the Jackson Hole symposium, offering no forward guidance and only stating that the underlying inflation trend has not improved significantly, without explicitly mentioning an imminent rate hike. The bank also predicts that the FOMC will raise rates in December 2026, hold rates steady in 2027 in line with the median dot plot, and begin cutting rates in the first quarter of 2028.
AI-generated from reports · 16 hr agoUpdated
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- ZeroHedgeHold Steady or Raise Rates? Chairman Warsh and His Hawkish Team
Rabobank expects the FOMC to maintain the federal funds rate target range at 3.75-4.00% at its October 27-28 meeting. Hammack, Kashkari, and Logan are likely to dissent in favor of a rate hike, as they did in July. Chairman Warsh is expected to continue the hawkish tone from the Jackson Hole symposium, providing no forward guidance and only stating that the underlying inflation trend has not improved significantly, without explicitly mentioning an imminent rate hike. The bank expects the FOMC to raise rates in December, hold rates unchanged through 2027 according to the median dot plot, and begin cutting rates in the first quarter of 2028.
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