Fed Rate Hold Probability for Oct. 28 Stands at 90.6%
JH Kim
Summary
- Cointelegraph, a cryptocurrency-focused media outlet, reported that the probability of the Fed holding its benchmark interest rate steady on Oct. 28 was pegged at 90.6%.
- That means market participants increasingly expect the benchmark interest rate to remain at its current level.
- The probability of a decision other than a rate hold was priced at 9.4%.
Forecast Trend Report by Period
The probability that the Federal Reserve will leave its benchmark interest rate unchanged on Oct. 28 has risen above 90%.
According to Cointelegraph on Oct. 26, markets were pricing in a 90.6% chance that the Fed will hold its benchmark rate steady on Oct. 28.
That indicates market participants see a high likelihood that the benchmark rate will remain at its current level.
The probability of a decision other than a rate hold was priced at 9.4%.
JH Kim
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