The Federal Reserve’s Federal Open Market Committee (FOMC) is set to wrap up its two-day policy meeting today, Wednesday, Oct. 28, culminating in a high-stakes interest rate decision and a post-meeting press conference by Fed Chair Kevin Warsh.
Markets are widely anticipating a pause, with benchmark rates expected to hold steady in the 3.75%–4.00% range as officials continue to evaluate persistent inflation data.
Financial markets have priced in less than a 10% chance of a rate hike today, according to CME Group data, leaving traders laser-focused on Chair Warsh’s commentary for clues regarding the Fed’s next moves later this year.
