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Markets price a 90 percent chance the Fed holds rates steady on Oct. 28 with an 80 percent chance of a December hike, KuCoin reports
- Markets price a 90 percent chance the Fed holds rates steady on Oct. 28 with an 80 percent chance of a December hike, KuCoin reports — KuCoin, citing Odaily Planet Daily, reported markets expect a 90 percent probability the Federal Reserve leaves rates unchanged in the 3.75 to 4.00 percent range when the FOMC announces its decision at 2:00 PM ET on Oct. 28, followed by Chair Warsh's press conference at 2:30 PM. The report put the probability of a rate hike in December at 80 percent and noted gold is currently around 4,000 dollars, with a hawkish December stance typically strengthening the dollar and yields while pressuring gold. (KuCoin)
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