The Fed Won’t Cut Rates at This Week’s Meeting. Focus on This Instead.
Futures markets are overwhelmingly pricing in no chance of a change in interest rates at the meeting: the implied odds of a cut on Wednesday were recently around 2%, according to the CME FedWatch Tool. The FOMC has held its federal-funds rate target at a range of 5.25% to 5.50% since July 2023. Continue reading