Investors Overwhemingly Expect Fed to Hold Rates at October Decision, BofA Survey Says
Dow Jones
4 hours ago
1012 GMT - An overwhelming 76% of investors expect the Federal Reserve to keep interest rates on hold at its Oct. 28 monetary-policy decision, Bank of America's October global fund manager survey finds. This is in line with current market pricing, where investors assign a low 19% probability of a hike this month, LSEG data show. The timing of the next Fed meeting is just a few days ahead of the U.S. mid-term elections.
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