Markets Put 90% Odds on a Fed Hold in October

Markets put a 90% probability on the Federal Reserve holding its federal funds rate, the rate banks charge each other overnight, steady at its October 27-28 meeting, per CME. A Reuters poll expects 3.75%-4.00%. The decision lands October 28. At 90%, the hold is largely priced in, meaning already in market prices; the statement's guidance on future moves matters more.