The Fed Is Suddenly on Hold. When Could It Start Hiking Interest Rates Again?

The Federal Reserve held interest rates steady at 3.75%-4% in October despite elevated inflation at 3.7%. Futures markets assign a 76% probability of a quarter-point rate hike in December. Fed Chair Kevin Warsh appears to favor gradual rate increases to avoid disrupting markets and the economy. Historical data suggests slower Fed tightening supports stronger stock market returns.