Traders Price 10% Odds of Fed Rate Hike at October 27-28 Meeting

Traders put Federal Reserve rate-hike odds at 10% for the October 27-28, 2026 meeting, per UNN, so a hold is the dominant expectation. A hike raises the federal funds rate, the overnight rate banks charge each other, and typically lifts Treasury yields, the returns on government debt. Gold pays no yield and tends to weaken when yields rise.