The Federal Reserve will maintain interest rates constant for the second month in a row next month, but will not stop tightening.

Hawk-dove policymakers have indicated they may not raise rates at their Oct. 31-Nov. 1 meeting due to rising bond yields, which have tightened financial conditions.

The Federal Open Market Committee is likely to raise rates again due to labor market and inflation data reflecting a strong economy.

Recent economic data showed a strong economy despite the Fed raising rates more than five percentage points since March 2022.