The Fed: Fed to remain stoic in face of market gyrations

Bloomberg News/Landov
This will be the last FOMC meeting without a press conference from Fed Chairman Jerome Powell.

The Federal Reserve this week will remain impassive about the recent volatility in financial markets after their two-day policy meeting, and continue to signal a policy of continued, gradual, rate hikes economists said.

“Some people may wish the Fed to hint about it,but the central bank won’t say it’s having second thoughts. Not this time. They have to wait to see how things move,” said Nathaniel Karp, chief economist at BBVA Compass, in an interview.

The Dow Jones Industrial Average DJIA, -0.23% fell 7.6% in October, the largest one-month percentage decline since May 2010.

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