Institution: Possibility of a Fed rate hike in December still exists

BlockBeats news, October 29 - Larry Holzenthaler, senior portfolio manager at Catalyst Fund, said that after the Federal Reserve kept interest rates unchanged as expected, the market still widely believes there will be another rate hike in December. With two dissenting votes, people have to believe that a December rate hike is a done deal. Warsh's remarks also seem to indicate that the Fed's primary focus is price stability, not the job market. After listening to Warsh's speech, one absolutely cannot take it for granted that the Fed has finished raising rates. According to LSEG data, money markets are pricing an 83% probability of a 25 basis point rate hike at the December policy meeting. (Jinshi)