Fed decision in October 2026JPMorgan’s Michele has highlighted the implications of the recent Federal Reserve meeting, where three officials dissented from the majority decision to hold interest rates steady. Market pricing around the meeting reflected this split, suggesting participants see increased likelihood of a rate hike in upcoming months. AdvertisementKey TakeawaysMichele’s comments suggest a significant shift within the Fed toward a possible rate hike. Current pricing appears supportive of a rate hike in October 2026. Should inflation remain high or economic data strengthen, markets may adjust expectations, consistent with a YES outcome for a rate hike.