Market Expects Federal Reserve to Maintain Interest Rates in 3.75% to 4.00% Range

The U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) for September both rose more than expected, with no significant slowdown in AI infrastructure development and energy prices remaining high. However, the market anticipates that the Federal Reserve will maintain interest rates in the target range of 3.75% to 4.00% on Wednesday. Several senior Federal Reserve officials have previously signaled that there is no urgency to raise rates this month. The Oxford Economics Institute pointed out that the statements from Williams and Jefferson came when inflation data had not unexpectedly risen, suggesting that their comments were not a channel for Waller to convey his views to the market. If the Federal Reserve decides to keep interest rates unchanged, Cleveland Fed President Mester and Dallas Fed President Logan may cast dissenting votes, as both have indicated that monetary policy needs to be tightened further.

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