Bank of America expect FOMC hold in November & a 'close call' December interest rate hike

<p>Bank of America analysts are not entirely convinced of a December rate hike but say there will be no move in November. </p><ul><li>on hold at the October 31 / November 1 meeting</li><li>will hike by 25bp if the economic data holds up </li><li>

“We shift the last rate hike in our forecast out to December. We think the strong September data keep another hike in play. But it is a close call”</li><li>“There are meaningful risks that the Fed will either delay the last hike into 2024 or not hike again"</li></ul><p>CME 'FedWatch' sees no hike in November (at 98.4% probability) and only a 24% chance of a December hike:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.