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The U.S. economy has looked shaky of late, and an expected weak reading on third-quarter gross domestic product should confirm that. As a result, the Federal Reserve is again expected to keep interest rates near zero.
The Fed decision, due Wednesday, and the GDP report, coming Thursday, will take center stage this week.
“Weak data and continued economic uncertainties at home and abroad mean a data dependent Fed is currently stuck with zero rates, no matter how little it might like that,” said Paul Mortimer-Lee, chief economist North America at BNP Paribas.
The big question is whether the Fed will hint at a December move.
The Fed decision, due Wednesday, and the GDP report, coming Thursday, will take center stage this week.
“Weak data and continued economic uncertainties at home and abroad mean a data dependent Fed is currently stuck with zero rates, no matter how little it might like that,” said Paul Mortimer-Lee, chief economist North America at BNP Paribas.
The big question is whether the Fed will hint at a December move.
