Fed Weighs Pause, Not Cut, as West Asia Oil Shock Clouds Oct. 28 Decision

Name: Fed Weighs Pause, Not Cut, as West Asia Oil Shock Clouds Oct. 28 Decision
Uploaded: 2026-10-24T19:06:19.580107+00:00
Description: Ahead of its Oct. 27-28, 2026 meeting, the Federal Reserve faces a West Asia oil shock and trade-policy uncertainty that have shifted market expectations from another rate cut to a hold, with some forecasts pointing to a December hike. Brent crude settled at $116.72 a barrel on Oct. 23, its highest close since April 29, while U.S. consumer inflation hit 3.7% year over year in September.

Ahead of its Oct. 27-28, 2026 meeting, the Federal Reserve faces a West Asia oil shock and trade-policy uncertainty that have shifted market expectations from another rate cut to a hold, with some forecasts pointing to a December hike. Brent crude settled at $116.72 a barrel on Oct. 23, its highest close since April 29, while U.S. consumer inflation hit 3.7% year over year in September.

Read the full story