Fed Interest Rate Update: 99% Likelihood Of Steady Rates This Week

On Thursday, September 21, the Federal Reserve is set to make its much-anticipated Interest Rate Decision, accompanied by a press conference. As of now, the Chicago Mercantile Exchange (CME) indicates a high probability, around 99%, of the Fed maintaining its existing interest rates. However, what will be closely scrutinized is the Federal Reserve Chairman’s speech, where insights into future economic trends are expected.

On Thursday September 21 this week, Fed Interest Rate Decision will be announced and Fed Press Conference will be held. Currently, the CME shows that there is a 99% of maintaining the current interest rates. The Fed Chairman’s judgment on future trends in his speech is a more…

— Wu Blockchain (@WuBlockchain) September 18, 2023

Recent reports from CoinCu suggest that the Federal Reserve was grappling with a divergence of opinions among its officials. Some members are expressing concerns over inflation, while others are advocating for a temporary halt in rate hikes. The timing of potential rate increases is also generating debate, with analysts speculating on a 25 basis points increase in the upcoming meeting, potentially pushing the interest rate target range to 5.25-5.50%.

Previously, Federal Reserve Vice Chair for Supervision, Michael S. Barr, reportedly emphasized the need for caution and oversight in the development of central bank digital currencies (CBDCs) and stablecoins.

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