Fed buzz: words to watch for as the Fed sets rates

SaltWire's Atlantic regional weather forecast for October 31, 2023 | SaltWire - Federal Reserve policymakers have telegraphed no change to the current 5.25%-5.50% target range for short-term interest rates at their two-day meeting starting Tuesday.

The post-meeting statement is widely expected to signal further policy tightening is still very much on the table, as policymakers go about"determining the extent of additional policy firming that may be appropriate" to return inflation to target. The verb -"proceed" or"move" - shows there is likely still further action ahead, and that the decision to extend the policy pause does not imply the pause is permanent.

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