The probability of the Fed keeping interest rates unchanged has dropped to 2% from nearly 20%

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ODAILY
10-26
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Odaily Odaily News: Investors expect the Fed to keep interest rates unchanged at its next meeting, while inflation and employment data due to be released next week may still change expectations. According to CME Fed Watch, the probability of the Fed keeping interest rates unchanged has dropped to 2% from nearly 20% earlier this month. Most people are betting that the Fed will cut interest rates by 25 basis points. September PCE data will be released next Thursday, and October employment data will be released next Friday. Price data show that inflation continues but is not overheated. Employment data may be affected by one-off hurricanes and strikes. (Jinshi)

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