Fed opens two-day meeting with markets expecting rates to hold
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Policymakers at the US Federal Reserve opened a two-day meeting Tuesday to set interest rates, with markets expecting them to hold steady days ahead of crucial midterm elections. On Tuesday, markets put the probability of rates being held steady at near 90 percent, as per CME's…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralThe Fed rate decision is expected to be a hold, but it can still move all markets significantly.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Fed policy meeting opened on Tuesday.
- 02Markets put about a 90% probability on rates being held, per CME FedWatch.
- 03The meeting comes days ahead of the US midterm elections.