What will the US Fed do for its September FOMC meeting?

According to the fedwatch tool, the US Fed is likely to hike its rates in the September FOMC meeting.

We also think that the US Fed is likely to hike its rates in the upcoming FOMC meeting.  Why?

If the US Fed doesn't hike its rates in September, it is unlikely to hike its rates in October because of the November mid-term election.  Trump will have a total election loss in November if the Fed hikes its rates in October.

The dot plot chart in June 2026 also indicated that the US Fed would hike its rates in 2026.  If the US Fed doesn't hike its rates in September and October, it can only hike its rates in December and this may be too late and behind the inflation curve already.

https://sg-stock.blogspot.com/2026/06/what-will-us-fed-do-for-its-june-fomc_0955449468.html

Therefore, the most appropriate time to take a pre-emptive move to contain inflation is to hike in September FOMC unless Trump pressures the US Fed not to hike in September and October.

OKP - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/15/26	Lim & Tan	OKP	1.26	0	Buy
02/04/26	Lim & Tan	OKP	0.81	0.93	Buy	PER11x FY26
03/05/26	Lim & Tan	OKP	0.78	1.03	Buy
04/02/26	Lim & Tan	OKP	0.69	1.03	Buy
05/28/26	Lim & Tan	OKP	0.82	1.03	Buy
06/04/26	Amfrasers	OKP	0.8	1.31	outperform	DCF
08/19/26	Lim & Tan	OKP	0.72	1.03	Buy

Oiltek - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/04/25	phillip	Oiltek	0.98	1.18	Buy	PER35x FY26
09/10/25	Lim & Tan	Oiltek	1.1	0	Hold
02/12/26	Lim & Tan	Oiltek	0.62	0.94	Buy
02/12/26	CIMB	Oiltek	0.62	1.02	Add
03/13/26	phillip	Oiltek	0.8	1.18	Buy	PER35x FY26
03/16/26	CIMB	Oiltek	0.85	0.94	Add
04/07/26	UOB Kay Hian	Oiltek	1.87	2.78	Buy	PER28x FY27
04/07/26	phillip	Oiltek	1.87	2.72	Buy	PER24x FY27
05/04/26	UOB Kay Hian	Oiltek	2.27	2.78	Buy	PER28x FY27
06/03/26	UOB Kay Hian	Oiltek	1.85	2.78	Buy	PER28x FY27
07/21/26	UOB Kay Hian	Oiltek	1.6	2.78	Buy	PER28x FY27
08/04/26	UOB Kay Hian	Oiltek	1.46	2.78	Buy	PER28x FY27
09/03/26	UOB Kay Hian	Oiltek	1.38	2.78	Buy	PER28x FY27
09/04/26	phillip	Oiltek	1.36	2	Buy	PER24x FY27

OCBC Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/25	DBS Vickers	OCBC	16.87	14.4	Hold	GGM, PB1x FY26
08/01/25	Lim & Tan	OCBC	16.87	17.46	Hold
08/04/25	Citi Research	OCBC	16.79	16.3	Hold
08/04/25	UOB Kay Hian	OCBC	16.79	20.15	Buy	GGM, PB1.44x FY26
08/04/25	phillip	OCBC	16.79	16.5	Neutral	GGM, PB1.25x FY25
08/04/25	DBS Vickers	OCBC	16.79	15.8	Hold	GGM, PB1.1x FY26
08/05/25	MorningStar	OCBC	16.9	18.5	Buy
08/11/25	Lim & Tan	OCBC	16.79	0	Hold
08/11/25	JPM	OCBC	16.79	20	Overweight
09/10/25	UOB Kay Hian	OCBC	16.76	20.4	Buy	GGM, PB1.46x FY26
10/17/25	DBS Vickers	OCBC	16.81	15.8	Hold	GGM, PB1.1x FY26
10/21/25	UOB Kay Hian	OCBC	16.73	20.12	Buy	GGM, PB1.45x FY26
10/21/25	DMG & Partners	OCBC	16.73	17.5	Neutral	GGM, PB1.11x FY26
10/21/25	Citi Research	OCBC	16.73	16.8	Hold
11/07/25	Lim & Tan	OCBC	17.19	17.66	Accumulate on weakness
11/07/25	Citi Research	OCBC	17.19	20.3	Buy
11/10/25	DBS Vickers	OCBC	17.78	19.8	Buy	GGM, PB1.4x FY26
11/10/25	phillip	OCBC	17.78	17	Neutral	GGM, PB1.29x FY25
11/10/25	UOB Kay Hian	OCBC	17.78	20.22	Buy	GGM, PB1.45x FY26
11/10/25	CIMB	OCBC	17.78	19.5	Add	GGM
11/10/25	DMG & Partners	OCBC	17.78	18.7	Neutral
12/11/25	phillip	OCBC	18.95	20	Accumulate
01/05/26	UOB Kay Hian	OCBC	19.85	20.22	Buy	GGM, PB1.45x FY26
01/06/26	Goldman Sachs	OCBC	19.96	21.2	Buy
01/06/26	Autonomous	OCBC	19.96	17	Underperform
01/07/26	UOB Kay Hian	OCBC	20.18	23.65	Buy	GGM, PB1.7x FY26
01/09/26	JPM	OCBC	20.17	20.5	Neutral
01/27/26	CIMB	OCBC	21.04	23.4	Add	GGM
01/28/26	DMG & Partners	OCBC	21.42	21.3	Neutral
01/30/26	DBS Vickers	OCBC	21.35	23	Buy	GGM, PB1.5x FY27
01/30/26	phillip	OCBC	21.35	21.5	Accumulate	GGM, PB1.56x FY26
02/02/26	UOB Kay Hian	OCBC	21.23	23.65	Buy	GGM, PB1.7x FY26
02/16/26	Citi Research	OCBC	21.11	24.5	Buy	GGM, PB1.8x FY26
02/25/26	DBS Vickers	OCBC	21.43	23	Buy	GGM, PB1.5x FY27
02/25/26	Lim & Tan	OCBC	21.43	21.41	Hold
02/26/26	UOB Kay Hian	OCBC	21.4	24.85	Buy	GGM, PB1.76x FY26
02/26/26	CIMB	OCBC	21.4	23.4	Add	GGM
02/27/26	phillip	OCBC	21.34	22.3	Accumulate
03/25/26	Lim & Tan	OCBC	21.16	22.26	Accumulate on weakness
03/30/26	UOB Kay Hian	OCBC	21.57	25.3	Buy	GGM, PB1.79x FY26
04/06/26	JPM	OCBC	22.38	20.5	Underweight
04/10/26	DMG & Partners	OCBC	22.19	23.45	Buy	GGM, PB1.5x FY26
04/16/26	UOB Kay Hian	OCBC	22.88	25.3	Buy	GGM, PB1.79x FY26
04/21/26	DBS Vickers	OCBC	22.67	25.5	Buy	GGM, PB1.7x FY27
04/24/26	DMG & Partners	OCBC	21.8	24.65	Buy
05/04/26	UOB Kay Hian	OCBC	21.9	25.3	Buy	GGM, PB1.79x FY26
05/08/26	DBS Vickers	OCBC	21.88	25.5	Buy	GGM, PB1.7x FY27
05/08/26	Lim & Tan	OCBC	21.88	22.86	Accumulate on weakness
05/11/26	UOB Kay Hian	OCBC	21.92	26.8	Buy	GGM, PB1.9x FY26
05/11/26	phillip	OCBC	21.92	22	Neutral	GGM, PB1.6x FY26
05/11/26	CLSA	OCBC	21.92	22	Hold
06/03/26	UOB Kay Hian	OCBC	24.08	26.8	Buy	GGM, PB1.9x FY26
06/08/26	phillip	OCBC	23.94	24	Neutral
06/23/26	UOB Kay Hian	OCBC	25	29.7	Buy	GGM, PB1.98x FY27
07/06/26	UOB Kay Hian	OCBC	25.31	29.7	Buy	GGM, PB1.98x FY27
07/06/26	Citi Research	OCBC	25.31	28.4	Buy	GGM, PB1.9x
07/09/26	UOB Kay Hian	OCBC	26.79	30	Buy	GGM, PB1.9x FY27
07/09/26	Macquarie	OCBC	26.79	27.76	outperform
07/10/26	UOB Kay Hian	OCBC	27.32	31.6	Buy	GGM, PB2.12x FY27
07/14/26	UBS	OCBC	27.48	27.5	Neutral
07/15/26	phillip	OCBC	27.88	28.5	Accumulate
07/15/26	DMG & Partners	OCBC	27.88	29.8	Buy
07/16/26	JPM	OCBC	28.36	20.5	Underweight
07/21/26	DBS Vickers	OCBC	28.69	30	Buy	GGM, PB1.9x FY27
07/21/26	CIMB	OCBC	28.69	28.4	Hold	GGM
07/21/26	CLSA	OCBC	28.69	26	Hold
07/31/26	Citi Research	OCBC	29.1	28.4	Neutral	GGM, PB1.9x
08/04/26	UOB Kay Hian	OCBC	28.87	31.6	Buy	GGM, PB2.12x FY27
08/07/26	DBS Vickers	OCBC	29.33	30	Buy	GGM, PB1.9x FY27
08/07/26	CIMB	OCBC	29.33	28.4	Hold	GGM
08/07/26	Lim & Tan	OCBC	29.33	30	Hold
08/11/26	UOB Kay Hian	OCBC	30.3	33.35	Buy	GGM, PB2.22x FY27
08/11/26	phillip	OCBC	30.3	31.7	Accumulate	GGM, PB2.31x FY26
08/24/26	UOB Kay Hian	OCBC	30.98	32.5	Buy	GGM, PB2.16x FY27
09/01/26	UOB Kay Hian	OCBC	31.52	32.5	Buy	GGM, PB2.16x FY27
09/07/26	phillip	OCBC	32.27	33.2	Accumulate