ChainCatcher report: At 02:00 Beijing time on October 29, the Federal Reserve will announce its October interest rate decision, followed by a press conference at 02:30 chaired by Chair Powell. At the September meeting, the Fed raised rates by 25 basis points, lifting the target range to 3.75%–4.00%. As of October 27, market pricing indicates an approximately 89.5% probability of maintaining the current rate at this meeting.
The Fed's October interest rate decision will be announced on October 29.
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Summary
The Fed’s interest rate decision will be released at 02:00 Beijing Time on October 29, with Chair Walsh speaking 30 minutes later. The Fed raised interest rates by 25 basis points in September, setting the range at 3.75%–4%. As of October 27, the market anticipates an 89.5% probability of no change at this meeting.
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