Will FED Keep Rates Steady?

With the debt ceiling, the upper limit of which was recently removed and currently stands at about $ 31.4 trillion, Fed Commission finds itself under less pressure. This situation increases the likelihood of a pause in today's statement. As a result, if Fed opts to hold off on rate hikes, the equity market could react with a positive outlook.

Gennadiy Goldberg, head of U.S. interest rate strategy at TD Securities, said:

"Given the fact that policymakers are data-dependent, Fed will struggle to look convincingly hawkish if it takes a Dec on Wednesday."

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