Traders are pricing in roughly an 80% chance the Fed holds rates on October 28, yet Kevin Warsh has refused to confirm it, and his September hike already showed he's willing to break with what markets expect. The Federal Reserve's rate decision lands on October 28 at 2 p.m. ET, and on paper the outcome looks settled. The CME FedWatch Tool has put the odds of another hike at somewhere between 15% and 18% through most of October, according to Bloomberg and Reuters coverage of futures pricing. That's about as close to consensus as Wall Street gets. The catch is that the man running the meeting has made a point of not confirming it.
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