Business & Finance
Fed expected to hold rates steady at Wednesday meeting, analysts say
Economists expect no change Wednesday, while futures traders put December hike odds at 71%.
The short version
- Economists and Wall Street analysts expect the Fed to keep its benchmark rate at 3.75% to 4% on Wednesday.[CBS News]
- Investors see almost no chance of a rate increase this week, with the rate at about 3.9%, according to futures prices.[Associated Press]
- Traders put 88% odds on a hold in October and 71% on a December increase, per CME Group's Fed Watch tool.[CBS News]
Key facts
- Most economists and Wall Street analysts expect the Fed to leave its benchmark rate at 3.75% to 4% when it releases its policy statement Wednesday.[CBS News]
- CME Group's Fed Watch tool shows traders assigning an 88% probability to a hold in October and a 71% probability to a rate increase in December.[CBS News]
- AP reports Federal Reserve policymakers are likely to keep their key interest rate unchanged Wednesday.[Associated Press]
- Investors see almost no chance of a rate increase, with the rate at about 3.9%, according to futures prices.[Associated Press]
What remains uncertain
- The rate outcome remains a forecast, since the Fed has not yet announced its decision.[CBS News · Associated Press]
- Reports describe the current rate differently, as a 3.75% to 4% range in one and about 3.9% in the other.[CBS News · Associated Press]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Is the Federal Reserve likely to raise interest rates this week?CBS News - US
- 5 things to watch from the Federal Reserve’s next meetingAssociated Press · Wire: associated-press
- Fed expected to hold rates steady, but Warsh may point way to more hikesCNBC