According to Wall Street Journal reporter Nick Timiraos, the market widely expected the Federal Reserve to keep interest rates unchanged on Wednesday, but data suggested the decision was closer than market implied probabilities indicated. Reasons for a rate hike included: September CPI and PPI data showed inflation's decline was again stalled; expectations for a December rate hike were already high; and policy was not yet tight enough. Reasons for holding rates steady included: if only 2-3 more adjustments were needed, waiting six weeks for costs to become manageable; consecutive rate hikes could signal a faster pace; and a surprise rate hike before the midterm elections would cause turbulence. https://www.(wublock123.com)/news/the-federal-reserve-is-facing-a-choice-between-raising-interest-rates-or-staying-put-and-the-market-expects-interest-rates-to-remain-unchanged-on-wednesday-70726