Economists Expect Fed to Hold in October and Raise Rates in December

Economists overwhelmingly expect the Federal Reserve to keep interest rates unchanged at its October meeting and raise them in December, a tightening outlook relevant to crypto and other risk assets. In a survey of 100 economists, 94 projected the Fed would leave its federal funds target range at 3.75%-4.00%. All 100 expected an increase in December. Fewer than half had forecast a December hike in the prior month's survey. The results mark a sharp change in expectations over a month, even as policymakers signal patience amid persistent inflation. The survey captures economists' forecasts, not a Fed decision.

Source: TokenPost