Fed to hit pause on rate hikes, but maybe not for long
- The Federal Reserve is widely expected to keep its benchmark interest-rate target at 3.75% to 4% this week, despite inflation remaining above its 2% goal.
- Officials and analysts are expected to maintain a hawkish position while signaling that another rate increase could come at the Federal Reserve’s final meeting of the year.
- The expected pause comes shortly before U.S. midterm elections, when inflation and rising household costs are major voter concerns.
- Traders see more than a 90% chance of no change this week, while futures pricing points to a likely quarter-point increase at the next meeting.
161 Articles
161 Articles
Federal Reserve likely to skip rate hike despite elevated inflation
The Federal Reserve is expected to stand pat on interest rates Wednesday even though inflation has accelerated in the past couple of months as the Iran war has caused spikes in oil and gas prices
Federal Reserve expected to hold interest rates steady in last decision before midterm elections
Federal Reserve interest rate decision comes less than a week before midterm elections. Inflation remains high after September CPI data, but the Fed is expected to hold rates steady.
What to expect from the Federal Reserve's next rate decision
The Federal Reserve is expected to keep interest rates on hold on Wednesday, six days before the US midterm elections, but with inflation at 3.7% and oil prices still elevated, investors see another hike in December as likely and will scour Chair Kevin Warsh's words for clues.
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