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Fed done hiking rates, but higher for longer message gaining traction

The U.S. Federal Reserve will keep its key interest rate on hold on Nov. 1 and may wait longer than previously thought before cutting it, according to economists in a Reuters poll, as the central bank's higher-for-longer message gains traction. While a slight majority still see a cut before the middle of 2024, a significant minority of forecasters, around 45%, now see no rate reduction until the second half of next year or later, up from 29% in the last poll. In the weeks since the Fed&#x...
Sarupya Ganguly Brett Ryan Ross Finley Jerome Powell Lawrence Werther Rahul Trivedi
Source: yahoo.com

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