Federal Reserve's Rate Decision Remains Unchanged at 3.5%-3.75%

At the upcoming Federal Reserve meeting, it's expected that the FOMC will maintain the overnight borrowing rate in the range of 3.5%-3.75%. Traders are currently assigning a 0% probability to any rate cut or hike during this meeting. The next potential rate increase could come at the final meeting of the year, scheduled for December 8-9, with a 60% probability of a quarter percentage point hike. The decision will be accompanied by the ‘dot plot’ projections regarding future interest rates, inflation, and economic growth assessments.