• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Fed meets six days before US elections with less market pressure

FinanceInternationalEL PAÍS40 s readAI summary
Image: EL PAÍS

Kevin Warsh and the Federal Reserve's open market committee meet six days before the US midterm elections. Analysts expect rates to be held in the 3.75%-4% range, with futures pricing only a 10% chance of a hike, and expect the door to be opened to a move before year-end. Inflation stands at 3.7%. UBS, Amundi and ING agree on a hold; Bank of America sees grounds for an October hike.

In 40 seconds

  • Futures price only a 10% chance of a rate hike at this meeting, against a current range of 3.75% to 4%.
  • Most of the market expects an increase in December, after the legislative elections.
  • UBS, Amundi and ING expect the Fed to hold rates; Bank of America argues September inflation strengthens the case for an October hike.
Read the full story at EL PAÍS

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

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