Market Participants Expect Fed to Hold Rates Steady Wednesday
Market participants expect the Fed to keep its target range at 3.75% to 4.00% on Wednesday, despite hotter-than-expected September CPI and PPI, continued AI buildout and elevated energy prices.
Although September CPI and PPI came in hotter than expected, the AI buildout hasn't shown material signs of slowing and energy prices remain elevated, market participants still expect the Fed to hold rates steady in a target range of 3.75% to 4.00% on Wednesday. That follows comments from some seni…