Fed Fiddles While Global Markets Burn The Federal Reserve's two day policy meeting concluded on Wednesday, with an interest rate decision announced at 2:00 p. m. ET.
The central bank's next move – to hold or hike rates – is uncertain, reflecting the opaque nature of modern monetary policy. Markets have priced in a high likelihood of steady rates, with bond traders assigning 68.
5% odds that the Fed will keep interest rates unchanged and 31. 5% odds that it will hike, according to the CME Group's FedWatch on Tuesday morning.