November 1st, 2023 It’s FOMC day, and CME Group’s FED Watch Tool indicates a 97.2% chance that the Fed will leave rates unchanged. The market has already factored this in. The real action will happen during the conference after the announcement. In the December meeting, there’s a 73.1% chance of the Fed keeping rates unchanged. […]

IN THE OVERNIGHT 1 NOVEMBER

HAPPY FOMC DAY!! Mixed Markets TOP STORIES OVERNIGHT Fed’s ‘Hawkish Pause’ to Keep Option to Hike-BBG The Federal Reserve is poised to hold interest rates steady at a 22-year high for a second meeting, while leaving open the possibility of another hike as soon as December with economic growth staying resilient. The Federal Open Market Committee will keep rates […]