Fed and global central banks tilt back to tightening as 15 of 33 hike rates

• —15 of 33 central banks hiked rates in six months — 45%, the most since 2023
• —Over the past three months hikes have outnumbered cuts for the first time since September 2023
• —The Fed raised rates in September, its first hike in three years
• —Markets see a 78–81% chance of a hold on Oct. 28 and over 88% odds of a December hike