If Congress passes the current budget deal and averts a government shutdown/default, there is going to be enormous pressure on the Fed to raise interest rates come December. Central bankers see the specter of inflation everywhere.
Yes you were right it would appear.
Still, I don't think that makes it the correct decision if they go this route (see: q3 projected gdp growth), but I am beginning to see the rationale based on new data (a big reversal from the last 2 months). 10 bps would be easy to tolerate for sure. At least they are remaining data driven rather than giving a timeframe in advance which was ridiculous.
