City predicts US interest rates steady in October
The Citi group expects the U.S. Federal Reserve to keep interest rates unchanged at the October meeting, due to slowing inflation and economic indicators showing stability. Experts believe that the core inflation data for September will be the decisive factor in determining the course, with a likelihood of remaining at 0.2% month-over-month, which supports the central bank's stance not to raise rates again. Additionally, a decline in labor market expectations and inflation data may incline policymakers to hold off, while monitoring the impact of rising Treasury bond yields on the economy.
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