KResearch expects the US Fed to hold its policy rate at 3.50-3.75% at the 15-16 Sept 2026 FOMC meeting, then raise it once before year-end. August US inflation was steady at 3.4% YoY. For a Thai SME, the effect is indirect: a firmer US rate path can keep US bond yields high and support the dollar, which may shift baht pricing and imported-cost planning. No immediate action is needed; keep an eye on the baht if you import US-priced inputs or carry USD debt.