Fed kicks off October meeting amid elevated inflation and midterm elections
FROM THE WIRE · FINANCE.YAHOO.COM
The Federal Reserve kicked off its two-day policy meeting on Tuesday as elevated inflation continues to pose a problem for central bankers who nevertheless seem reluctant to hike rates this month. Fed watchers expect the central bank to keep benchmark rates in the 3.75% to 4%…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralThe Fed is expected to hold rates, but markets are watching signals about a possible December hike.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Federal Reserve kicked off its two-day policy meeting on Tuesday.
- 02Fed watchers expect benchmark rates to stay in the 3.75% to 4% range, with less than a 10% chance of a hike per CME Group.
- 03A rate hike in December appears more likely according to the dot plot and fed funds futures.