Fed Holds Off on Rate Hike for Now, November Decision Looms
The Federal Reserve is expected to hold interest rates steady at its policy meeting this month, but investors are less certain about a pause in November. The Fed could keep rates unchanged for the rest of the year if the job market and economy continue to slow, helping to bring down inflation. However, weak quarterly earnings and persistent inflationary pressure could prompt more rate hikes. Fed Chair Jerome Powell has indicated that additional hikes remain on the table if inflation proves to be more resilient than expected. Some officials believe the Fed has more hiking to do, while others think policy is already appropriately restrictive. In other news, Volkswagen and Renault stocks dropped after UBS analysts recommended selling the stocks due to the growing threat from Chinese competitors.
- The Fed likely won't raise rates this month — but November is another matter CNN
- Cooling US economy gives Fed breathing room on interest rates Financial Times
- Investors: Fed not likely to raise interest rate this month Detroit Free Press
- US Labor Market Resonates with Fed’s Policy Aims FX Empire
- Bond Market Traders Pare Back Long-Term US Inflation Expectations Bloomberg
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