Why Read the September 16 FOMC Statement Again
The prior FOMC statement from September 16 is revisited, along with July's three dissenters and 7% odds of a surprise hike.
Iran's foreign minister said in a Twitter post that Tehran remains open to diplomacy, and confirmed a seven-day plan that might start Monday.
Iran's top diplomat has taken to Twitter to share the following message:
While our Brave Armed Forces are fully prepared to defend the Homeland, Iran continues to give diplomacy a chance to succeed.
We remain in close and ongoing contact with intermediaries to review ideas that can ensure implementation of our 7-Day Plan in even less than a week.
The post offers the first explicit confirmation of the seven-day plan, which may begin as early as Monday.
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The prior FOMC statement from September 16 is revisited, along with July's three dissenters and 7% odds of a surprise hike.
At its Oct. 28 meeting, the FOMC left rates unchanged, with traders pricing only a 7% chance of a hike.
Bank of Canada Governor Macklem said business surveys show firms intend to pass on more cost increases. Rogers said the bank debated a hike and a hold.
The Bank of Canada raised its overnight rate by 25 basis points to 2.5% on October 28, 2026, citing higher and more persistent inflation.