A quarter point jump in the cost of borrowing, currently at 4 per cent, had been widely expected when the Bank of England's rate-setting Monetary Policy Committee meets this week.

Source: https://www.dailymail.co.uk/money/markets/article-11875493/Market-chaos-leaves-rate-rise-hanging-balance.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Austan Goolsbee, Powell's colleague on the rate-setting FOMC, indicated Friday that he also thought the Fed was on target to meet its dual mandate of controlling both inflation and unemployment.

Source: https://www.channelnewsasia.com/business/us-federal-reserve-interest-rate-cut-premature-jerome-powell-3960241?cid=cna_flip_070214

Investors will look to see whether the Fed will do the same when its rate-setting committee meets next week.

Source: https://www.nytimes.com/2023/09/15/business/dealbook/uaw-strike-costs-biden.html