Fed expected to keep rates unchanged. Could FB give the stocks a lift? (or send it tumbling?)
The FOMC decision will be at 2 PM ET/1800 GMT today. The Fed is expecting to keep rates unchanged. With the election looming in 6 days, the odds are that the Fed will not meddle. Nevertheless, the market does have a 14.5% chance of a change. The December chance is much higher at 68.8%. What the market will be looking for are any clues as to what may happen in December. At the last meeting there were three who wanted to hike and seven who were for keeping rates unchanged. If that number goes to 4, it is the Fed Chair and Vice Chairs (Fischer) votes away from a December hike. Mike . It seems to make sense to me.