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Fed meeting today: Live updates
CNBC • • business
Key Points:
- The Federal Reserve is widely expected to keep interest rates unchanged at its upcoming meeting, despite inflation remaining above target levels.
- Markets assign less than a 10% probability to another rate hike following the quarter-point increase in September, according to CME Group's FedWatch tool.
- If rates remain steady, the benchmark interest rate will stay between 3.75% and 4%, with investor focus shifting to Fed Chairman Kevin Warsh's post-meeting remarks for future guidance.
- Traders anticipate a potential rate hike at the Fed's December meeting, as no updates to the dot plot or economic projections are expected this time.
- Some regional Fed Presidents, including Beth Hammack, Lorie Logan, and Neel Kashkari, may dissent from the decision to hold rates, having previously voted against holding in July.
