The US Federal Reserve Monetary Policy meeting outcome is scheduled for 1st November 2023.

As widely expected, the US Federal Reserve is expected to hold the interest rates steady in next week's meeting.

The Fed has already raised interest rates 11 times since March 2022, the recent hike was in July. This is the fastest pace of rate hikes since 1980.

According to the CME FedWatch tool, there is a 99.5% chance the Fed will not raise interest rates at its upcoming meeting.

The bond market is pricing in a 23.5% chance that the Fed will proceed with one final 0.25-point rate hike at the panel’s December meeting.

The consensus among economists and central bankers is anticipating that interest rates will stay higher for a long period.

Fed’s moves of keeping higher interest rates for longer periods will affect mortgage rates, credit card bills, auto loans, and student debt.

Any hawkish comments from the Fed on the 1st November Monetary Policy meeting will dampen the market sentiment.

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