News · News
Inflation ran above forecasts before the next Fed meeting
Published Nov 13, 2026 · Last checked Nov 13, 2026 · Last changed Nov 13, 2026Consumer prices rose more than forecast in October, and markets expect the Federal Reserve to raise its rate in December.
- For
- All charters. All sizes. CFO, chief lending officer, marketing lead.
The facts
- The Consumer Price Index rose 0.4% in October from September. Forecasters expected 0.3%.
- Prices without food and energy rose 0.3%.
- The Federal Reserve held its rate at 3.75% to 4% on Oct 28, 2026. Two voting members wanted a quarter-point increase.
- The next Fed decision is due on Dec 9, 2026. On Nov 10, 2026, futures prices put the chance of a quarter-point increase at 90.5%.
- The 30-year mortgage rate rose to 7.3%, according to Mortgage News Daily.
What it means for you
ALCO sets deposit and loan rates this month with a Fed increase expected on Dec 9, 2026.
Sources
- Real Estate News, news report, Nov 10, 2026.
- Federal Reserve statement, primary source, Oct 28, 2026.
- RISMedia, news report, Nov 10, 2026.