Fed expected to hold rates steady on Wednesday as focus turns to December
The Federal Reserve will announce its decision on Wednesday and is expected to keep its benchmark rate in the 3.75%-4% range, less than a week before the U.S. midterm elections. With inflation at 3.7% in September and energy prices high, markets price more than a 90% chance of holding rates and a 73% chance of a quarter-point hike in December, according to CME Group's FedWatch. Investors will watch remarks by Chair Kevin Warsh.
In 40 seconds
- The Fed would keep its benchmark rate in the 3.75%-4% range, according to market expectations
- Futures price more than a 90% chance of holding rates and a 73% chance of a quarter-point hike in December
- Consumer inflation rose to 3.7% year on year in September from 3.4% in August, while core inflation reached 2.6%
IASummary generated by artificial intelligence from a story by Euronews.com. It may contain errors: the original source prevails.




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