FxPro Financial Services Ltd | Nov 01, 2023 07:59AM ET
The rate decision and the Fed's comments promise to be the highlight in a week full of releases. The market is in no doubt that the pause in policy tightening is here to stay, with interest rate futures pricing in a near 100% probability of a hike. Comments from Fed officials in recent weeks have removed all intrigue, showing a consensus for keeping policy on hold to gather more data.
The collapse in equities and the turmoil in the interbank lending market forced a change of course. The more recent episode of "transitory inflation" is perhaps something everyone remembers. This is why the Fed now finds it challenging to manage market expectations and must do more than it could with greater credibility.
The FxPro Analyst Team
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