US Fed Holds Rates Unchanged, Hike Odds Surpass 75%
· World · ABC News (AU), Bloomberg, Economic Times
The US Federal Reserve left interest rates steady at its latest meeting, citing expectations of no immediate pressure to raise rates after last month’s quarter-point increase. Australian inflation data highlighted concerns about rising price pressures, suggesting a likely rate hike Down Under. Markets are pricing an 80% chance of a Fed increase at the December 8‑9s meeting, with another hike expected by March amid inflation remaining above the Fed’s target. Energy costs, especially diesel, remain elevated, adding to broader economic uncertainties. The political landscape, including the upcoming US congressional elections, is shaping attention on inflation and the Fed’s policy choices.
Why it matters
The outcome influences US borrowing costs and global capital flows, impacting emerging markets and Indian investors holding US debt. Domestically, Australian policy shifts could affect Indian exports and commodity demand, while US inflation expectations shape the rupee’s trajectory.
Read the original report — ABC News (AU)
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.