[Open Source Securities: Fed Will Remain Cautious, Another Rate Hike Possible in 2026] The Federal Reserve released its October FOMC meeting statement in the early hours of October 29th Beijing time, announcing that it would maintain the current interest rate level. Open Source Securities stated that the Fed will remain cautious, and another rate hike is possible in 2026. Open Source Securities believes that after the September rate hike, the pressure on the Fed has eased slightly, and the urgency for consecutive rate hikes has decreased. Furthermore, with the October FOMC meeting approaching the midterm elections, a rate hike at this time could place the Fed in political controversy. The Fed may remain cautious about subsequent policies to avoid an unexpected surge in inflation and uncontrolled inflation expectations among the public. In the baseline scenario, the Fed may raise rates again in December 2026, while the rate hike in 2027 will highly depend on changes in the US-Iran situation and the transmission effect of oil prices on US inflation. (People's Finance)