Rate Hike Likely Deferred to December

Published on October 7, 2026

Only one month ago the big story about the US economy was how strong it was. The August jobs report, which arrived in early September, showed that payrolls were up 162,000 for the month. Meanwhile, at one point the Atlanta Fed’s “GDP Now” model was estimating real GDP would grow more than 5% at an annual rate in the third quarter.