From Seekingalpha · Wall Street Breakfast · · 40s
Fed Holds Rates Steady
Fed keeps rates steady as hawkish stance signals December rate hike likely.
In brief
Fed keeps rates steady as hawkish stance signals December rate hike likely. The Federal Reserve held interest rates steady at 3.75%-4% while signaling a likely December rate hike and reducing 2027 rate-setting meetings to seven. Originally reported by Seekingalpha.
Fed holds rates steady
The Federal Reserve kept interest rates steady at 3.75%-4% as widely expected.
Hawkish stance on economy
The FOMC statement described economic growth as 'strong' and inflation as 'elevated'.
“The Fed refers to growth as 'strong' and inflation as 'elevated'”
December rate hike probability
Fed funds futures now imply a nearly 90% probability of a rate hike at December's meeting.
Reduced rate-setting meetings
Warsh announced only seven of eight Fed meetings will be rate-setting in 2027, with one focused on broader strategy.
The essence
The Federal Reserve held interest rates steady at 3.75%-4% while signaling a likely December rate hike and reducing 2027 rate-setting meetings to seven.
