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Fed decides rates today with Kevin Warsh in the spotlight

FinanceInternationalXTB.com35 s readAI summary
Image: XTB.com

The Federal Reserve announces its interest rate decision today, with Kevin Warsh as the institution's chair. The market takes for granted that there will be no rate move, after the bond market a month ago priced in a 25 basis point hike with a probability above 70%. Warsh will have to explain why the committee raised rates after a two-tenths increase in September's core PCE and now holds them steady with a three-tenths forecast.

In 35 seconds

  • The market expects the Fed to leave rates unchanged at today's meeting
  • A month ago the bond market assigned more than a 70% probability to a 25 basis point hike
  • Warsh will have to explain the shift in stance after the two-tenths rise in September core PCE
Read the full story at XTB.com

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

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