Fed Expected to Freeze Interest Rates in October Amid Inflation Conditions
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View chart & analysis → - 1The Federal Reserve is expected to freeze interest rates at the upcoming October meeting.
- 2The annual inflation rate for the September US Consumer Price Index rose to 3.7%.
- 3Federal funds futures indicate less than a 10% chance that the central bank will raise interest rates by an additional 0.25 percentage points at this week's meeting.
So what's the key point?
The US central bank is expected to keep interest rates the same this month instead of raising them. Because inflation rose by 3.7%, the possibility of further rate hikes has become very low.
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