Federal Reserve rate decision expected today at 2 p.m. ET; market consensus points to hold.
Macro & Markets ·
The Federal Reserve's interest rate announcement at 2 p.m. ET today is widely expected to result in no change, with futures and prediction markets placing odds of a hold above 90%. The current target range remains at 3.75%-4.00% following September's rate increase, while markets assign 75% to 80% odds to a quarter-point hike at the December 8-9 meeting. Bitcoin, trading near $80,700, faces headwinds from Treasury yields hovering around 5% as investors reassess riskier assets amid persistent inflation at 3.7% annually and crude oil prices near $100 per barrel.