Fed Expected to Hold Steady This Week; Morgan Stanley Warns: Future Rate Hikes of 75 to 100 Basis Points Still Possible

Zhitong Finance APP has learned that the Federal Reserve will announce its October interest rate decision on Wednesday local time (2 a.m. Beijing time Thursday), and the market widely expects the Fed to keep rates unchanged, after a 25-basis-point rate hike at the previous meeting. Morgan Stanley Chief U.S. Economist Michael Gapen agrees with the market's judgment. He said the Fed will hold steady in October, but the market should still expect the policy rate to rise later.