FOMC Resolution: Interest rates remain unchanged
2026-10-29 02:06:19
According to CoinMeta, as reported by InvestingLive, the FOMC decided in its resolution on October 28th to maintain the interest rate unchanged. The market had considered the possibility of a rate hike for several weeks, but under the guidance of Chairman Kevin Warsh, the market ultimately opted not to take action, with the probability of a rate hike at the time of decision being only 7%. Before the decision, the market performed as follows: the S&P 500 rose by 14 points, the yield on 2-year U.S. Treasury bonds increased by 2.7 basis points to 4.75%, WTI crude oil rose by $2.94 to $102.82, and the USD/JPY exchange rate rose by 30 points to 158.23. It is worth noting that in the July decision, the voting result was 9-3, with Hammack, Kashkari, and Logan all voting in favor of a rate hike. The market expects a rate hike of about 79 basis points in the coming year.
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Source:Internet
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