Federal Reserve Likely to Hold Rates

Market indicators show that the likelihood of the Federal Reserve (the US central bank) raising interest rates this month is very low, at only 16%, while the expectations for a rate hike in December rise to 92%. Investors are awaiting the release of next week's personal consumption expenditure data, which the Federal Reserve relies on to assess inflation and its 2% target. In contrast, the International Monetary Fund has stated that the European Central Bank is likely to raise interest rates by at least 25 basis points once or more this year to combat inflationary pressures.

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