Fed’s Next Meeting Expected To Hold Rates Steady

The Federal Reserve is expected to hold interest rates steady at its next interest rate announcement at 2pm ET on September 20. However, the upcoming meeting should offer clues on a potential interest rate increase at the Fed’s subsequent November decision. Interest rate futures give a slim chance of a September interest rate hike, and the Fed typically doesn’t like to surprise markets.

However, the chance of an interest rate hike at the conclusion of the Fed’s subsequent meeting, on November 1, is a little under 1 in 3, suggesting an interest rate hike is still possible, according to the CME’s FedWatch Tool.