News

The market has fully priced in a further 25 basis point rate hike by the Federal Reserve before the end of the year, largely in line with pre-announcement expectations.

The Federal Reserve's FOMC economic projections: The median forecast for the federal funds rate at the end of 2026 is 4.1% (up from 3.8% in June).

The Federal Reserve's FOMC statement said that raising interest rates would support inflation returning to the 2% target "more promptly."

FOMC Statement: The committee unanimously agreed on this interest rate decision. (The previous meeting's decision was 9-3.)

The median of the Federal Reserve's dot plot indicates that there will be one more rate hike in 2026.

The Federal Reserve's interest rate decision (lower limit) for September 16 was 3.75%, as expected, compared to the previous value of 3.50%.

The US Federal Reserve's interest rate decision (upper limit) for September 16th is 4%, as expected, compared to the previous value of 3.75%.

The U.S. reserve requirement ratio as of September 17 was 3.9%, as expected, compared to 3.65% previously.

Societe Generale's Head of U.S. Research, Rajapa: I feel that Federal Reserve Chairman Warsh will continue to maintain the message conveyed at Jackson Hole.

Michelle, Global Head of Fixed Income at JPMorgan Chase: Use cash to fund long-term purchases.

Societe Generale's head of U.S. research, Rajapa, said: "If Federal Reserve Chairman Warsh's comments are dovish, it could lead to a sell-off in long-term bonds."

Societe Generale's Head of U.S. Research, Rajapaksa: Long-term yields are slightly volatile.

Societe Generale's head of U.S. research, Rajapa, said: "I expect another rate hike in December, and possibly even in March next year."

According to Punchbowl: U.S. Senate Minority Leader Chuck Schumer will meet with Michigan Democrat El-Sayed on Wednesday.

JPMorgan's global head of fixed income, Michelle, said: "US Treasury Secretary Bessant has done his best to stabilize long-term interest rates."

Michelle, Global Head of Fixed Income at JPMorgan Chase: This may be the last dot plot we get.

Michelle, global head of fixed income at JPMorgan Chase: Members of the Federal Open Market Committee (FOMC) may be surprised by the speed of interest rate changes.

JPMorgan's global head of fixed income, Michelle, said: "This Fed meeting should go smoothly, and I expect a 25 basis point rate hike."

Amazon (AMZN.O): There are no plans to build a data center in Worcester County.

Amazon (AMZN.O): Plans to build a power supply facility (PFE) for the Fastnet submarine cable in Maryland.