US Fed opens two-day meeting with markets expecting rate hold

The US Federal Reserve has started a two-day meeting to decide on interest rates. Markets are expecting the Fed to keep rates unchanged, with a high probability of around 90 percent, according to the CME's FedWatch tool. This expectation is partly due to the upcoming midterm elections, which may influence the Fed's decision to avoid making any significant changes to interest rates. A rate hold would be a relief for investors and consumers, who have grown accustomed to stable interest rates.

Why it matters

The US Federal Reserve is expected to hold interest rates steady. This decision could lead to market stability and maintain current economic conditions.

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