The FED decided to keep rates on hold at their November 1st, 2023, meeting at its current range of 525-550. The recent figures suggested that inflation is slowing down.
If inflation prints at expectations, it would be the first meaningful decline in the annualized inflation rate since the depths of the COVID recession.
Traders will be eager to see if the Fed follows in the footsteps of the ECB by emphasizing the inflationary risks of the conflict in Ukraine over the deleterious impact on economic growth