Fed decision lands Wednesday with a hold near-certain as hot inflation keeps rate cuts off the table
The Federal Open Market Committee's two-day meeting runs Oct. 27-28, concluding Wednesday with markets pricing a near-certain hold on the 3.75-4.00% funds range even as a hot September CPI (3.7%) and the Iran-war energy shock keep inflation sticky. There are no new economic projections this meeting; the decision collides with the busiest week of Big Tech earnings and Thursday's GDP and spending data.
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With no new dot-plot this meeting, a hold preserves the restrictive stance while the Fed watches whether oil-driven inflation cools.
FX Empire and NordFX previews framed the Oct 27-28 FOMC as a near-certain hold, with a cut all but priced out after September's hot CPI and the Middle East oil spike; because the October meeting carries no updated projections, analysts said the guidance tone matters more than the held rate, with GDP and spending data due Thursday.