Fed Officials Signal Pause on Rates
Top Federal Reserve policymakers indicate they will likely pause interest rate hikes at their upcoming October meeting. Officials emphasize the need to evaluate incoming economic data before considering further monetary tightening.
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United States Federal Reserve officials signaled during the week that an interest-rate hike is unlikely in late October, driving traders to price a 25% chance of a move. The shift follows comments from top central bank leaders pointing to the need for more economic data. The reassessment comes as bond yields touch multi-year highs amid ongoing conflict involving Israel and Iran that has driven up oil prices like West Texas Oil.
