The U.S. Federal Reserve will raise its benchmark interest rate (a rate hike) at its December 2026 FOMC meeting.
Economy / monetary policy. Context at filing (Oct 1, 2026): markets have shifted toward pricing in Federal Reserve rate hikes amid rising bond yields (10-year Treasury at its highest since 2007) and fuel-driven inflation. Resolves HIT if the FOMC announces an increase to the federal funds target range at its December 2026 meeting.
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