Steve Matthews of Bloomberg reports that the Federal Open Market Committee is poised to hold rates but may start considering cuts. Matthews writes:
The Federal Reserve will likely hold interest rates steady for a fourth straight meeting but avoid signaling an imminent interest-rate cut.
The Federal Open Market Committee is poised to keep rates in a range of 5.25% to 5.5% at its two-day policy meeting ending Wednesday, a 22-year high first reached in July. The rate decision and accompanying statement will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later. […]
While they may lean a bit more hawkish than the 2023 voters, no dissents are expected at this meeting.
Read more here.
