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Fed expected to hold rates steady on Wednesday as focus turns to December

FinanceInternationalEuronews.com40 s readAI summary
Image: Euronews.com

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%
Read the full story at Euronews.com

IASummary generated by artificial intelligence from a story by Euronews.com. It may contain errors: the original source prevails.

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