Wall Street is growing more divided on how much the Federal Reserve will move interest rates next week.
In fact, the market's mixed outlook ahead of the central bank decision is more unsettled than any time since the Fed started pushing borrowing costs higher in early 2022.
Investors are certain that the Fed will begin reducing interest rates next week from their current 5.25% to 5.50% range, but a sense of uncertainty lingers.
We do not anticipate any dissents" from voting members of the central bank's Federal Open Market Committee next week, Bank of America's Bhave added.
"So if pricing stays where it is currently, it would be the first meeting in years where there's serious uncertainty about the rates decision."
Persons:
Henry Allen, Aditya Bhave, Bhave, America's Bhave
Organizations:
Federal Reserve, Fed, Deutsche Bank, Bank of America, Committee, Bank, America's