The Federal Reserve is widely expected to keep interest rates unchanged on Wednesday, leaving its benchmark range at 3.75% to 4% after a quarter-point hike in September. CME FedWatch data shows markets pricing less than a 10% chance of another increase, though traders see a hike in December as likely. With no new dot plot or economic projections at this meeting, attention will turn to Chair Kevin Warsh’s press conference. Cleveland’s Beth Hammack, Dallas’s Lorie Logan and Minneapolis’s Neel Kashkari could dissent, having opposed a hold in July. JPMorgan chief US economist Michael Feroli said Warsh must explain why the Fed hiked after a 0.2% core PCE reading for August but may pause despite an expected 0.3% rise for September. The decision lands less than a week before the US midterm elections.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.