BNY Markets projects no Federal Reserve rate hike in October, pointing to December as the likely conclusion for the current tightening cycle as market expectations for long-term policy rates moderate.
BNY Markets is credited as the source of the Fed rate outlook, but the article does not discuss BNY's own financial performance.
BNY Markets strategist John Velis anticipates the Federal Reserve will maintain current interest rates through October. The firm identifies December as the most probable window for the final rate hike of the current cycle as inflation pressures shift.
BNY Markets expects the Fed to hold rates steady in October, with a potential final hike occurring in December.