ServiceNow, Inc. (NOW) Stock Forecasts
Author: Yahoo Finance·
Key Takeaways
- •The FOMC kept the federal funds target rate unchanged at a range of 3.5% to 3.75% following its Wednesday meeting.
- •Three committee members cast dissenting votes in favor of raising interest rates.
- •The market-implied probability of a 25-basis-point rate increase at the September 16 meeting climbed to 63% from a previous 56%.
- •Analysts characterized the upward shift in rate-hike expectations as not representing a major change in market outlook.
Summary
The FOMC kept the federal funds target rate at 3.5% to 3.75% on Wednesday, but there were three dissenting votes from members who favored a rate increase. The probability of a 25-basis-point hike at the September 16 meeting rose to 63% from 56%, although that does not appear to be a major shift.
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