[Institution: Fed Pausing Rate Hikes in October May Indicate No Pre-Set Tightening Cycle] Jin10 News, September 24 – Simon Ballard, Chief Economist at First Abu Dhabi Bank, stated in a report that the Federal Reserve unanimously supported a 25 basis point rate hike last week, but 'perhaps should pause rate hikes next month.' He said: 'Yes, this month’s unanimous decision to raise rates sent a clear signal of "more tightening to come."' However, Ballard believes that pausing rate hikes at the next meeting in October would convey an implicit message that, while the Fed is committed to bringing inflation back to target, it does not intend to initiate a pre-set tightening cycle. According to LSEG data, money market pricing indicates a 71% probability of a 25 basis point rate hike in October.