Fed Interest Rate Freeze, Inflation Response, and Market Outlook
- 1The Federal Reserve decided to freeze the federal funds rate following the meeting that ended on October 28.
- 2The probability that the federal funds rate will be higher after the December meeting reached 70% according to trader expectations.
- 3The S&P 500 index achieved a total return of 76% over the past 5 years.
So what's the key point?
The U.S. central bank decided to keep interest rates the same instead of raising them. Contrary to expert expectations, there is a 70% chance that rates will go higher.
Source The Motley Fool +1 · View original ↗
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