Fed Chair Says No Prejudgment on Rate Decisions, Rate Hike Expectations Cool

Federal Reserve Chairman Kevin Warsh said on the morning of October 16 during the 2026 International Monetary Fund and World Bank annual meetings in Bangkok that he would not prejudge interest rate decisions, and did not indicate that the Fed would continue raising rates at its October 27-28 monetary policy meeting. Following these remarks, market expectations for a Fed rate hike in October fell to 15% from more than 25% on Thursday.