[Fed Rate Hike Probability in October Only About 10%, Market Bets on Another December Hike; Warsh's Speech Next Week to Focus] BlockBeats reports on October 24th that the market widely expects the Federal Reserve to keep interest rates unchanged at its rate decision next Wednesday. The CME FedWatch tool shows that the market expects only about a 10% probability of a 25 basis point rate hike in October. Recently, some Fed officials have favored delaying rate hikes to assess inflation trends and the impact of the Middle East conflict on energy prices. Despite the cooling of expectations for an October rate hike, the market still widely expects the Fed to raise rates again in December. Goldman Sachs' chief US economist, David Mericle, believes the Fed may adopt a pace of 25 basis point rate hikes every other meeting, with the next hike possibly in December, followed by another in March next year. Another major highlight of this meeting is Fed Chairman Warsh's press conference. Given Warsh's consistent avoidance of providing explicit forward guidance, the market will focus on his statements regarding recent inflation, financial conditions, and the threshold for further monetary policy tightening in 2027. [Original Link]