Analysts looking past the week’s FOMC meeting
With a 75 basis point rate hike expected, analysts will focus on clues about the Federal Open Market Committee's thought about slowing future increases. "We expect the Federal Reserve to raise the fed funds rate by another 75 basis points at the November meeting, followed by a 50 basis points hike in December," noted Scott Colbert, director of fixed income and chief economist at Commerce Trust. "... We don't anticipate a rapid decline in interest rates going forward." Inflation hasn't cooled "enough to warrant easing interest rate hikes just yet," said Steve Skancke, chief economic advisor at Keel Point, "but also [...]