• 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

Futures price 84% odds the Fed leaves rates unchanged on October 28

FinanceInternationalBloomberg Línea30 s readAI summary
Image: Bloomberg Línea

Days before the October 28 meeting, Fed Funds futures assign an 84% probability that the Federal Reserve keeps rates in the 3.75%-4% range, following the 25-basis-point hike applied on September 16. The market sees a 72% chance of an increase to 4%-4.25% at the December 9 meeting. Fed Chair Kevin Warsh declined to anticipate the direction of monetary policy.

In 30 seconds

  • Fed Funds futures show an 84% probability that rates stay at 3.75%-4% on October 28.
  • The market assigns a 72% chance of a hike to 4%-4.25% at the December 9 meeting.
  • Kevin Warsh did not comment on the direction of monetary policy or his outlook for the US economy.
Read the full story at Bloomberg Línea

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

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