Wall Street prays the Fed will stop raising rates

Published by
The Street

By Charley Blaine The people at the Federal Reserve charged with fighting inflation and, one hopes, ensuring full employment, meet this week, and that could create a whole lot of volatility. Wall Street analysts and traders get it in their heads about the Federal Open Market Committee, the Fed’s rate-making body, will decide. And sometimes they’re right. Right now, the betting is on the Fed holding its key interest rate steady at 5.25% to 5.5% and signaling they’ll leave the rate unchanged at their meeting on Oct. 31 and Nov. 1 and maybe their last meeting in December. Because no one is suppos…

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