---
title: "FOMC Week and what lies ahead | ProGoldTrader"
url: https://progoldtrader.com/blog/fomc-week-and-what-lies-ahead
description: "We’re looking at a current target range of 3.50%–3.75%. Markets have the odds of a 25 bp hike running around 85–90% after the hot August inflation numbers. That kind of pricing doesn’t leave much room for a dovish surprise."
lang: en
---

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# FOMC Week and what lies ahead

Drew Rathgeber September 14, 2026 5 min read

## Article

Precious metals are sitting in the crosshairs this week with the FOMC meeting kicking off Tuesday and the rate decision dropping Wednesday at 2 p.m. ET.

We’re looking at a current target range of 3.50%–3.75%. Markets have the odds of a 25 bp hike running around 85–90% after the hot August inflation numbers. That kind of pricing doesn’t leave much room for a dovish surprise.

Gold’s been hanging around $4,330–$4,350. Silver’s been more jumpy near $64. Both are dealing with the usual rate-hike headwinds: higher yields and a firmer dollar raise the opportunity cost of holding metal that pays nothing.

If the Fed delivers the widely priced hike, or the statement and dots read hawkish, metals often face yield and dollar pressure in the session that follows. If the committee holds or the language is softer than markets expect, that pressure can ease. Neither path is a trade call — liquidity around the announcement can move prices either way. Focus on the statement, the updated projections, and the press conference rather than any single level.

The real focus won’t just be the rate number. It’s the updated projections, the median dots for the rest of 2026, and whatever Warsh says in the press conference. Markets will parse every word for how serious the committee is about getting inflation back under control.

Central bank buying still provides a floor under gold, and silver keeps its industrial demand. Those longer-term supports haven’t gone away. But this week is pure rate-path theater. Volatility around the announcement is almost guaranteed.

Watch the statement, the dots, and the presser. Everything else is noise until then.

Futures and options trading involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. This article is for education and market overview only. It is not investment advice and not a recommendation of any trade (no entries, stops, or targets). Price levels, if mentioned, are illustrative.

* * *

**_Risk Disclosure:_** _Some or all of this has been created with artificial intelligence with strict human oversight and approval._

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