October Fed hike odds fall to 21.6% from 51%

Traders on October 7, 2026 priced a 21.6% chance of at least a 25-basis-point — 0.25-point — U.S. rate rise in October, down from about 51% a week earlier, Reuters reported. Lower odds ease pressure for higher loan and savings rates soon. I read this as priced caution, not a promise.