Two weeks ago, the Federal Reserve raised interest rates. This week, five data releases will show whether it does it again in October.

The Fed’s chair says single numbers should not drive policy. Traders are still pricing the next move off this week’s data.

The Fed Raised Rates and Refused to Signal Its Next Move

On September 16, the Fed lifted its benchmark rate to a range of 3.75% to 4%. Inflation “remains elevated,” the policy statement said.

In June, BeInCrypto reported that Bank of America expected three Fed rate hikes this year, starting in September.

At his press conference, Chair Kevin Warsh refused to promise a second hike.

“Trends matter. Data points are noisy. Data point dependence is a dangerous preoccupation.”

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