The Federal Reserve is widely expected to keep rates unchanged today, 28 October , at the close of its two-day meeting, but the pause is unlikely to mark the end of the tightening cycle. Tiffany Wilding, Economist at PIMCO, Raphael Olszyna-Marzys, International Economist at J. Safra Sarasin, James Bilson, Global Fixed Income Strategist at Schroders, and Jeffrey Cleveland, Chief Economist at Payden & Rygel, all see policy staying restrictive. According to J. Safra Sarasin, bond markets attach just a 15% probability to a hike this week.
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