The Fed is widely expected to keep interest rates unchanged at 3.75%–4.00%, with 4% being the upper end of the target range. The press conference follows at 8:30 PM GMT+2.
Could we see a surprise hike?
It’s possible, but it isn’t the main expectation: 94 of 100 economists surveyed by Reuters expect a hold. PIMCO also expects a pause tonight, with another hike more likely in December.