Raise

FOMC

Opinion

<h2 id="span-style-font-size-16px-market-pricing-shifts-after-the-latest-price-report-span">Market Pricing Shifts After the Latest Price Report</h2>
October Fed hike odds fell to 38.2% after a fresh price report, according toCME FedWatch. The tool showed 50.4% a day earlier. The shift followed a Bureau of Economic Analysis report released on Sept. 30, 2026. Markets now favor a hold at the central bank's Oct. 28 meeting.
FOMC stands for Federal Open Market Committee, the group that sets US interest rates. The FedWatch tool turns futures pricing into probabilities. Among <a href="https://www.coingabbar.com/en/crypto-news-today-bitcoin-ethereum-fed-pce-clarity-act-updates" rel="noopener noreferrer nofollow">crypto news today</a>, these readings draw attention because central bank decisions can shape risk appetite across markets.
<img alt="October Fed hike odds" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/AG72tcDmbea6GfH1gkftd95yCR0bOysNfbE14ULZ.png" width="300" title="October Fed hike odds">
Source: <a href="https://www.bea.gov/news/2026/personal-income-and-outlays-august-2026" style="font-size: 16px; background-color: rgb(255, 255, 255)" rel="noopener noreferrer nofollow">Bureau of Economic Analysis report</a> released on Sept. 30, 2026
<h2 id="span-span-style-font-size-16px-cme-fedwatch-probabilities-side-by-side-span-span">CME FedWatch Probabilities Side by Side</h2>
The table shows how October Fed hike odds shifted between the two readings for the Oct. 28 meeting. The current target range is 3.75% to 4.00%.
<table>
 <colgroup>
 <col width="219">
 <col width="142">
 <col width="138">
 </colgroup>
 <tbody>
 <tr>
 <td>Outcome</td>
 <td>Day Before</td>
 <td>After Report</td>
 </tr>
 <tr>
 <td>Hold (3.75% to 4.00%)</td>
 <td>49.6%</td>
 <td>61.8%</td>
 </tr>
 <tr>
 <td>Raise (4.00% to 4.25%)</td>
 <td>50.4%</td>
 <td>38.2%</td>
 </tr>
 <tr>
 <td>Cut</td>
 <td>0.0%</td>
 <td>0.0%</td>
 </tr>
 <tr>
 <td>Implied policy rate</td>
 <td>4.001%</td>
 <td>3.971%</td>
 </tr>
 </tbody>
</table>
The chance of a rise fell by 12.2 percentage points. A move to the higher range would lift the upper bound to 4.25%. The implied policy rate slipped about 3 basis points, where one basis point equals 0.01%. No cut is priced in either reading.
<img alt="X Post Showing Update" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/bIwA6S4aJjAM3xSzX5f6YdFmxVcwtSjDyvzupZ5f.png" width="300" title="X Post Showing Update">
Source:<a href="https://x.com/CryptosR_Us/status/2105464714365120860?s=20" style="font-size: 16px; background-color: rgb(255, 255, 255)" rel="noopener noreferrer nofollow">X Post</a>
<h2 id="span-span-style-font-size-16px-what-the-bea-price-data-showed-span-span">What the BEA Price Data Showed</h2>
The BEA published its Personal Income and Outlays report for August on Sept. 30, 2026. PCE means personal consumption expenditures, the price gauge the Fed prefers. Key readings are listed below.
<ul>
 <li>Headline PCE price index: up 0.3% from July and 3.4% from a year earlier.</li>
 <li>Core PCE, which excludes food and energy: up 0.2% in the month and 3.0% in the year.</li>
 <li>Personal income: up 0.2% in August.</li>
 <li>Consumer spending: up 0.9% in current dollars.</li>
 <li>Personal saving rate: 4.1% of disposable income.</li>
</ul>
For comparison, the first July report showed annual PCE inflation at 3.7% and core at 3.3%.
<h2 id="span-span-style-font-size-16px-why-cooler-prices-move-policy-expectations-span-span">Why Cooler Prices Move Policy Expectations</h2>
A tightening move becomes less likely when prices cool toward the central bank's 2% target. Annual PCE inflation of 3.4% is lower than the first July reading. It still sits above that target. That gap explains why a rise stays possible. Markets reprice quickly when new figures arrive.
This is why October <a href="https://www.coingabbar.com/en/fed-rate-hike-october-2026-ubs-inflation-outlook" rel="noopener noreferrer nofollow">Fed hike odds</a> moved lower but did not disappear. Policy makers weigh prices, jobs, and growth together. A single month does not set a trend, so officials usually wait for several readings.
<h2 id="span-span-style-font-size-16px-what-lower-odds-mean-for-crypto-traders-span-span">What Lower Odds Mean for Crypto Traders</h2>
Crypto news today often follows macro releases such as PCE. Crypto assets are often seen as <a href="https://www.coingabbar.com/en/crypto-blogs-details/crypto-risk-management-guide" rel="noopener noreferrer nofollow">risk assets</a>, meaning they tend to react to changes in liquidity and borrowing costs. Softer pressure can ease strain on such assets, though results vary.
Traders watching October Fed hike odds should treat them as estimates. The numbers change with each release and speech. This article does not predict prices, since rates are only one of many market drivers.
<h2 id="span-span-style-font-size-16px-expert-opinion-on-the-oct-28-meeting-outlook-span-span">Expert Opinion on the Oct. 28 Meeting Outlook</h2>
From a market view, a 61.8% hold probability signals a lean, not a certainty. A 38.2% chance of a rise remains meaningful. Probabilities are not guarantees of any decision. Readings change as new numbers, speeches, and futures pricing arrive.
Further jobs and spending reports before Oct. 28 can move the numbers again. The August figures show price growth easing but staying above target, which keeps both paths open. October Fed hike odds therefore remain a moving estimate, not a forecast.
<h2 id="span-span-style-font-size-16px-final-take-on-the-meeting-ahead-span-span">Final Take on the Meeting Ahead</h2>
October Fed hike odds now favor a hold, with CME FedWatch showing 61.8% for no change on Oct. 28. The August figures showed slower <a href="https://www.coingabbar.com/en/crypto-currency-news/us-ppi-inflation-crypto-reaction-bitcoin-price-today" rel="noopener noreferrer nofollow">annual inflation</a>, yet it still sits above the 2% goal.&nbsp;
The next checkpoints are further economic releases and the meeting on Oct. 28. Readers should follow official FOMC and BEA releases for confirmed numbers.
YMYL Disclaimer: This article is for educational and informational purposes only. It is not financial advice, a price prediction, or a guarantee of returns. Interest rate probabilities change often, and crypto assets are volatile, so readers should do their own research before making any decision.

October Fed Hike Odds Drop to 38.2% After Fresh PCE Inflation Report

Table of Contents

Coingabbar

Other articles published on Oct 1, 2026

Join our free newsletter for daily crypto updates!