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The Federal Reserve is widely expected to keep interest rates unchanged when policymakers finish their Oct. 27–28 meeting.
Odds of back-to-back rate hikes are slim after softer September employment data and comments from officials this month downplayed an October move.
Futures market data suggest the Fed will leave the benchmark federal funds rate—a key interest rate that influences borrowing costs for businesses and consumers—in the current range of 3.75 percent to 4 percent.
Heading into this week’s Federal Open Market Committee gathering, traders have penciled in December as the next meeting to pull the trigger on a quarter-point rate increase.
“It would be quite shocking if the Fed did anything other than sit on its hands this month. I expect a hawkish hold,” Jesse Marre, senior portfolio manager at Hilbert Group, told The Epoch Times in an emailed note….
Odds of back-to-back rate hikes are slim after softer September employment data and comments from officials this month downplayed an October move.
Futures market data suggest the Fed will leave the benchmark federal funds rate—a key interest rate that influences borrowing costs for businesses and consumers—in the current range of 3.75 percent to 4 percent.
Heading into this week’s Federal Open Market Committee gathering, traders have penciled in December as the next meeting to pull the trigger on a quarter-point rate increase.
“It would be quite shocking if the Fed did anything other than sit on its hands this month. I expect a hawkish hold,” Jesse Marre, senior portfolio manager at Hilbert Group, told The Epoch Times in an emailed note….
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