With the Federal Reserve and Bank of England set to issue their interest rate decisions in the next 24 hours, investors are betting on an end to the hiking cycle despite inflation remaining above target.
The Federal Reserve will issue its decision on interest rates at 6pm today (1 November), while the Bank of England will reveal its next step for rates at 12pm tomorrow (2 November). Markets currently give a 97.2% chance that the Fed will hold rates steady today, according to data from CME Group. However, Joost van Leenders, senior investment strategist at Van Lanschot Kempen, argued that although the chance of a hike was low, a pause was not "a done deal". "The US economy surged in the third quarter, the labour market was stronger than expected in September, and core inflation acce...
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