Market participants brace for the potential of more hikes after next week

Members of the Federal Reserve tend to keep their future actions close to their chest revealing little insight as to any upcoming revisions to their aggressive monetary policy that has been in play since March 2022.

At the same time if you look out to the three remaining FOMC meetings scheduled for this year there is a reasonable possibility that they will let rates stand between 5 ¼% and 5 ½% for the remainder of the year. The likelihood now stands at 84.9% that the Fed will pause and leave rates at their current levels in September, followed by a 70.8% probability that they will continue to maintain those levels in November, and a 65.

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