Market News | ONEMINERS NEWS DESK
The Federal Reserve raised rates last month for the first time in three years. Today's minutes show how many officials want to do it again.
By Michal Beno, CEO, OneMiners
7 October 2026 · 4 min read
What happens today
At 2:00 p.m. Eastern today, the Federal Reserve publishes the minutes of its 15 to 16 September meeting, where it raised rates by 0.25 points to 3.75% to 4.00%. It was the first hike since July 2023. The minutes show how strongly officials lean toward another hike on 28 October.
3.75-4.00%
fed funds target range
12-0
vote to raise rates
~51%
odds of an October hike
5.25%
US 10-year yield
Federal Reserve decision, 16 September 2026. Hike odds and yield per The Rio Times, 30 September 2026.
Why the minutes matter this time
The decision itself is old news. The minutes add detail: how many officials pushed for more, how worried they are about inflation, and whether anyone argued for a pause. In September, the Fed signalled that at least one more hike could come before the end of the year.
Markets have already started to doubt that. After weak US data last week, including job openings of 7.08 million against a 7.23 million forecast and consumer confidence at its lowest since 2014, the odds of an October hike fell from about 71% to about 51%.
Odds of a Fed rate hike on 28 October
Market-implied probability, percent
How Bitcoin handled the first hike
Better than many expected. Bitcoin dipped to roughly $75,000 in the hour after the decision, then climbed back above $80,000 within two days. It trades near $83,722 today. That is very different from 2022, when rapid hikes helped push crypto into a deep bear market.
What higher rates mean for Bitcoin miners
That last point is the one small miners control. A fixed hosting rate turns the biggest cost of mining into a known number. OneMiners publishes rates from $0.048 per kWh in Nigeria, and $0.0364 on a 7-year prepaid contract.
How much room each Bitcoin miner has today
Break-even electricity price, US dollars per kWh
What to watch in the minutes
THE ONEMINERS VIEW
Nobody can forecast the Fed. What miners can do is take the variable out of their own costs. Inflation shows up in power bills first, so fixed electricity is the simplest hedge a Bitcoin miner has. See every rate on the hosting centers page.
START WITH ONEMINERS
Run your numbers at today's hashprice.
Open the mining calculatorBrowse Bitcoin minersSOURCES AND DATA
- Fed decision, vote and guidance: Crypto Briefing and Unchained, 16 September 2026
- Minutes release time: Federal Reserve October 2026 calendar
- Hike odds, JOLTS, consumer confidence and yields: The Rio Times, 30 September 2026
- Price and hashprice inputs: CoinGecko and blockchain.info, 30 September 2026
- Hosting rates: published OneMiners location pages
Michal Beno
CEO of OneMiners, the global Bitcoin mining hosting and hardware platform with 15 published hosting locations, 7-year fixed electricity contracts and a 7-year hardware warranty. He writes about the economics of industrial Bitcoin mining.
Informational only, not financial advice. Figures are a snapshot from public market data and news reports as of 30 September 2026 and can change quickly. Crypto prices can fall as well as rise. No return is offered or implied. Do your own research.
