Fed Likely to Keep Rates in October

Survey forecasts indicate that the U.S. Federal Reserve will proceed with holding interest rates steady at their October meeting within the range of 3.75% to 4.00%, before raising them again in December. This is due to ongoing high inflation and expectations that it will remain above the target levels despite robust economic activity, with possibilities of a 25 or 50 basis point increase in December. Additionally, differing guidance from the Federal Reserve has led to volatility in the bond market, with projections of the rate-hike cycle extending until 2028, while inflation remains above the target for more than six years.

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