The Federal Reserve holds its policy meeting Wednesday with rates expected to remain unchanged. Markets price in a 99.3% probability the central bank maintains its 3.5%-3.75% target range. The Fed cut rates three consecutive times before this anticipated pause. {tweet} CME Group’s FedWatch tool showed 96% odds for steady rates heading into the meeting. Polymarket prediction markets placed the probability even higher. Any rate change carries minimal likelihood according to futures pricing. Fed officials delivered three quarter-point reductions in recent months. Those cuts lowered rates from higher levels. Inflation ... (full story)