Carlos Barria/Reuters
- After 11 interest rate hikes, Federal Reserve officials appear divided on next steps.
- Jerome Powell and other central bankers have signaled another rate hike could be on the table.
- Markets predict 97% odds of no rate hike November 1, and 29% odds of a quarter-point hike in December.
In a bid to stamp out the highest inflation in four decades, Federal Reserve officials led by Jerome Powell have made 11 interest rate hikes since March 2022, putting an end to the easy-money era while pressuring the stock market and raising concerns about a coming recession.
Since the Federal Open Market Committee's September meeting, several central bankers have signaled that interest rates could still go higher.