Was October 25, 2026 a Fed rate cut?
NO
No — the Fed doesn't decide today; its next call comes Wednesday, October 28, and markets expect a hold.
Why
- FOMC meets October 27-28, 2026; statement due Wednesday
- Last move: 25bp hike on Sept 16, to 3.75%-4.00%
- Traders price a hold in October, not a cut