Tom Lee said in a post on X that the Federal Open Market Committee’s interest rate decision is due at 2 p.m. Eastern Time today, with markets expecting rates to remain unchanged. He added that federal funds futures imply a 32% probability of a rate hike. Lee also said his team reviewed comments made since the June meeting by 12 voting members, finding that three had made hawkish remarks, two had made dovish remarks, and Warsh had repeatedly offered comments that leaned neutral.
Tom Lee said in a post on X that today is the day of the Federal Open Market Committee, or FOMC, rate decision, which is scheduled for 2 p.m. Eastern Time.
According to Lee, markets expect rates to be left unchanged. Federal funds futures are showing a 32% probability of a rate hike.
He also said his team compiled comments from 12 voting members since the June meeting. Of those, three made hawkish comments, two made dovish comments, and Warsh repeatedly made comments that leaned neutral.
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