This post was originally published on this site. Bank Rate at 4.00% as widely expected Prior was 3.75% Vote split 9-0 vs 7-2 expected details to follow… This article was written by Giuseppe Dellamotta at investinglive.com.

This post was originally published on this site.A December rate increase remains the market’s expected outcome. Investing.com’s rate  monitor put the probability of a quarter-percentage-point increase at about 80% on 4  November. Another hold would depart from that expectation, making the evidence that  might persuade the Federal Reserve to wait particularly relevant for traders.  The Fed raised its benchmark rate to 3.75–4% in September and left it unchanged on 28  October. Dallas Fed President Lorie Logan supported the hold, then argued two days later  for at least two more quarter-point increases. Her position illustrates how officials can  favour further tightening...