ChainCatcher news, according to CME FedWatch: The probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% this week is 98.4%, while the probability of a 25 basis point increase to the range of 5.50%-5.75% is 0.0%. The probability of maintaining the interest rate unchanged until December is 74.5%, the probability of a cumulative increase of 25 basis points is 24.3%, and the probability of a cumulative increase of 50 basis points is 0.0%.The Federal Reserve will announce its interest rate decision for the U.S. on November 2 at 2:00 PM.

ChainCatcher news, Fed's Mester: I support another rate hike, but we need to proceed with caution. I support raising rates above 5%. Inflation remains too high, and it has proven to be stubborn. We are now closer to the end point of the tightening cycle. Real rates need to stay in positive territory for a period of time. (source link)