Fed May Pause Rate Hike in October, but a December Hike Is Still on the Table - Coinpedia

Markets now see an 85% chance of the Fed holding rates steady in October 27-28 meeting.. Fed Chair Kevin Warsh avoided signaling the central bank’s next interest rate decision. Markets have priced in an 89% probability of a December rate hike, potentially lifting rates to 4.00%–4.25%. The Federal Reserve may hold interest rates steady in October, with markets putting the odds of a hike at just 15%. But rising inflation and higher oil prices could push it to raise rates again in December. As a result, markets now see an 89% chance of a 25-basis-point December hike, which would lift the Fed’s benchmark rate to 4.00%–4.25%. The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points in September, taking the target range to 3.75%–4.