Fed Decision on Knife-Edge, ING Analyst Says
ING’s Padhraic Garvey sees a 60% chance the Federal Reserve holds rates steady at the upcoming FOMC meeting, warning the decision could surprise markets.
The Federal Reserve’s upcoming policy meeting is finely balanced, according to ING analyst Padhraic Garvey. He expects the central bank to leave rates unchanged, with a probability of roughly 60% in favor of no change and 40% of a hike.
Garvey warns the outcome could be a surprise for markets, reflecting the knife-edge nature of the decision. The Fed’s stance comes amid ongoing uncertainty over inflation and the economic outlook.
Source: FXStreet Forex News