Markets expect Fed to hold rates in October, but Kevin Warsh leaves room for surprise
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Traders overwhelmingly expect the Federal Reserve to pause interest rate hikes at its meeting on October 28, assigning just a 15% probability to an increase as of Friday morning. However, new Chairman Kevin Warsh has refused to signal his plans in advance and left room to maneuver toward a hike due to ongoing inflation concerns, potentially leaving complacent investors surprised.
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