![]() ![]() > Some of the latest speeches delivered by officials from the Federal Rese rve> Key Takeaway I don't think Powell will take a definitive position as some on the FOMC have taken that interest rate hikes are behind us," said Avery Shenfeld, chief economist of CIBC Capital Markets. ![]() This adjustment in the forecast can be attributed to the increasing popularity of the US central bank's message of keeping higher interest rates for an extended duration. A recent Reuters poll suggests that economists believe the Federal Reserve will maintain its current key interest rate on November 1st and may hold off on cutting it for a longer period than initially anticipated. ![]()
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