The Federal Reserve faces growing uncertainty over whether it will raise interest rates at its upcoming September meeting. The Fed’s target rate currently stands between 3.50% and 3.75%. Markets now price in a 58% likelihood of maintaining the current rate in September, up from just 39% twenty-four hours ago. This reflects a notable shift toward a Pause-Pause-Pause scenario in the monetary policy decision sequence. The FOMC meeting on September 15-16 will be a key event for market participants.
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