Markets Put 65% Odds on Fed Holding Rates Steady in October

Traders priced a 65% chance that the Federal Reserve would leave interest rates unchanged at its October 27-28 meeting, up from 53% a month earlier, Reuters reported on October 14. A 65% probability is a market estimate, not a decision. The Fed raised rates in September, its first increase since 2023. Minutes of the meeting are due November 18.