Odaily Planet Daily reports: Tom Lee posted on X that today is the FOMC interest rate decision day, with the decision to be announced at 2:00 PM Eastern Time. The market expects rates to remain unchanged, with federal funds futures indicating a 32% probability of a rate hike. His team compiled comments from the 12 voting members since the June meeting, among whom three made hawkish remarks, two made dovish remarks, and Warsh repeatedly issued neutral comments.
Tom Lee: Market Expects FOMC to Hold Interest Rates Steady Today
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Summary
Tom Lee said the market expects the FOMC to hold interest rates steady today, with the decision due at 2:00 PM ET. Federal funds futures indicate a 32% chance of a rate hike. His team reviewed comments from the 12 voting members since June, identifying three as hawkish, two as dovish, and Warsh as mostly neutral. Open interest data suggests mixed positioning ahead of the decision.
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