The Federal Reserve will announce its latest interest rate decision on November 2, with a 98.4% probability of keeping rates unchanged

ChainCatcher news, according to CME FedWatch: The probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% this week is 98.4%, while the probability of a 25 basis point increase to the range of 5.50%-5.75% is 0.0%. The probability of maintaining the interest rate unchanged until December is 74.5%, the probability of a cumulative increase of 25 basis points is 24.3%, and the probability of a cumulative increase of 50 basis points is 0.0%.

The Federal Reserve will announce its interest rate decision for the U.S. on November 2 at 2:00 PM.