Fed Hikes: Then What?

RIA · Sep 16, 2026

Our title, "Fed Hikes," is a bit presumptuous, but with Fed Funds futures assigning a 90% chance of a hike this afternoon, it's likely a done deal. Instead of debating whether the Fed hikes, the more useful question for investors is: what comes next? Three things from Wednesday's FOMC meeting will likely put us in a better place to answer that. Assuming the Fed releases its Summary of Economic Projections (SEP), aka dot plots, it will likely be the most important tell. Watch the median dots and outlying dots regarding 2026 projections on where Fed Funds will end the year. A tight cluster of…