Markets see 88% chance of Fed rate hike on September 16

Markets imply about an 88% chance the Federal Reserve hikes rates on Wednesday, September 16, 2026, MarketWatch reported. The decision is due at 2 p.m. Eastern, per Kiplinger. The Fed has held steady all year, MarketWatch reported. A hike would lift borrowing costs. I read 88% as heavy pricing, not certainty.