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Economists expect steady Fed rates as inflation and GDP data arrive

Associated Press reports that economists expect consumer confidence to keep falling, with GDP and inflation data also due this week.

Updated Oct 24, 2026 · 10:15 UTC1 reports

The short version

  • Economists expect the Conference Board's October consumer confidence survey, due Tuesday, to show confidence kept falling.[Associated Press]
  • The Federal Reserve is expected to hold its benchmark rate steady when its two-day meeting ends Wednesday, after a September hike.[Associated Press]
  • Economists forecast 1.7% third-quarter GDP growth and a 3.7% September inflation rate, but the GDP figure can be revised.[Associated Press]

Key facts

  • The Conference Board's latest consumer confidence survey is expected Tuesday to show confidence continued to decline in October.[Associated Press]
  • The Federal Reserve's two-day meeting closes Wednesday, and the central bank is expected to hold its benchmark rate steady after raising it in September.[Associated Press]
  • Economists forecast that U.S. gross domestic product rose 1.7% from July through September.[Associated Press]
  • The GDP figure is the first of three third-quarter reports and can be revised higher or lower.[Associated Press]
  • Economists expect the personal consumption expenditures inflation rate to rise to 3.7% in September, up from 3.4% in August.[Associated Press]

What remains uncertain

  • The consumer confidence, Federal Reserve, GDP and inflation figures were forecasts or expectations rather than released results at the time of reporting.[Associated Press]
  • The third-quarter GDP estimate is the first of three reports and can be revised higher or lower.[Associated Press]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.