The last interest rate decision of the FOMC this year is approaching, and it is expected that they are not yet ready to send a signal of interest rate cuts in the short term
The Federal Reserve may maintain interest rates unchanged for the third consecutive meeting, while dampening market expectations of a rate cut as early as March.
The Federal Open Market Committee (FOMC) is expected to keep the federal funds rate target range at 5.25%-5.5%, which was first reached in July and marks a 22-year high, at the end of its two-day policy meeting on Wednesday local time. The interest rate decision and policy statement will be released at 2 p.m. local time, followed by a press conference by Fed Chair Powell after 30 minutes.
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