Fed Almost Certain to Hold Steady This Week! Market Focus Shifts to a December Rate Hike as Warsh Faces a "Communication Test"

Zhitong Finance APP has learned that if the Federal Reserve decides to keep interest rates unchanged this week, Fed Chair Warsh will once again face a familiar dilemma: he must convince investors that the Fed is committed to curbing inflation while explaining why officials chose not to raise rates. This is exactly the same situation Warsh encountered in July. At that time, investors took the Fed's decision to keep rates unchanged in stride, but were dissatisfied with Warsh's reluctance to signal that borrowing costs might need to be raised further.