# Inflation ran above forecasts before the next Fed meeting

Published Nov 13, 2026. Last checked Nov 13, 2026. Last changed Nov 13, 2026.
Section: News
Who it is for: All charters. All sizes. CFO, chief lending officer, marketing lead.

Consumer prices rose more than forecast in October, and markets expect the Federal Reserve to raise its rate in December.

## 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: https://www.realestatenews.com/2026/11/10/higher-than-expected-inflation-boosts-odds-of-bigger-fed-hike
- Federal Reserve statement, primary source, Oct 28, 2026: https://www.federalreserve.gov/newsevents/pressreleases/monetary20261028a.htm
- RISMedia, news report, Nov 10, 2026: https://www.rismedia.com/2026/11/10/inflation-hotter-than-economist-expectations-raising-odds-of-2027-rate-hikes/

General information, not financial, legal or regulatory advice. Not affiliated with the NCUA.

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