Strategists with Goldman Sachs projected that the Federal Reserve wouldn't raise interest rates at its Oct. 31-Nov. 1 meeting, predicting that inflation would go down.
As of Saturday evening, the CME FedWatch Tool predicted there was a 98% chance the Fed would leave interest rates unchanged in agreement with projections from J.P. Morgan Asset Management and Janus Henderson Investors. The tool's prediction that interest rates will remain the same at the end of October is at a little more than 72%.
"Given the totality of recent data and the Fed’s previously stated mindset around rate policy, policymakers appear poised to stand pat next week," Jim Baird, Plante Moran Financial Advisors' CIO, said in a statement, according to Credible. "Whether another increase could be on the table later this year will depend on the tone of incoming data in the months ahead."
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