The Federal Open Market Committee (FOMC) is about to start its two-day meeting today, and while it is widely expected that the committee will keep its funds rate target range unchanged at 5.25% to 5.50%, there is still some speculation in the markets about the possibility of one final interest rate hike before the end of the year. Currently, there is a 29% probability priced into the markets for such an increase by the FOMC.
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Will the FOMC Raise Interest Rates One Last Time this Year?
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