Fed Is Expected to Hold Rates as Inflation Keeps December Hike in Play

Investors broadly expect the Federal Reserve to leave interest rates unchanged at its Oct. 27-28 meeting. Persistent inflation and the possibility of another increase in December put the chair’s explanation in focus. The Fed raised rates once in September after markets had priced in another increase for October. Market pricing for an October hike fell from above 70% to below 30% after late September and early October remarks from officials indicated they could wait longer. High oil prices and demand for materials and electricity tied to AI infrastructure added to price pressures in September.

Source: TokenPost