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Story summary
- The Federal Reserve is expected to keep interest rates unchanged at its October 2026 meeting.
- In September, the Fed raised rates by 25 basis points to a 3.75%–4% range, its first hike since 2023.
- September’s CPI lifted annual inflation to 3.7%.
- Brent crude reached a five-month high before slipping slightly, reflecting war-driven pressure.
- Moody’s chief economist Mark Zandi warned further hikes could hurt consumers, noting 10-year yields near 5%.