Will the Fed Raise Interest Rates in October? Key Signal Arrives
New York Fed President John Williams, the second-ranking official on the Federal Reserves rate-setting committee, pushed back on an October rate hike. The Fed has “no need for urgency,” he said. Last week, markets predicted a 70% probability of an October rate hike. Today, it has dropped below 50%. What does this mean for Bitcoin and the wider crypto market? Sponsored Sponsored Fed Can Wait After Septembers Hike The Fed raised its benchmark rate by a quarter point on September 16. This increased the borrowing costs for everything from mortgages to business loans. Williams is vice chair of the Federal Open Market Committee (FOMC), the group that votes on rates. He spoke at the University at Buffalo. “With the policy action we took at our September meeting, there is no need for urgency, and we have time to gather more information,” said Williams. He still called 3.7% inflation “unquestionably too high.” He added that one more hike “may be appropriate late this year.” The Feds two remaining meetings of 2026 fall on October 28 and December 9. Traders took the hint. According to CME FedWatch, which turns futures prices into odds, the chance of an October hike is now close to a coin flip. Weeks ago, it was well









