Warsh's words are expected more than the decision on Fed interest rate day: What you need to know

The US Federal Reserve (Fed) will announce its new interest rate decision this evening at 21:00 GMT. The president of the institution, Kevin Warsh, will appear before members of the press at 21.30 and answer questions. Markets expect the Fed to keep interest rates constant this evening with a rate of over 90 percent. There will be no meeting in November. The last interest rate decision of the year will be announced on December 9.

The expectation from Warsh is to be a "Şahin"...

The new chairman of the Fed, Kevin Warsh, is expected to speak in a more "hawkish" tone today. It is thought that Warsh will emphasize that inflation remains high and will give the message of increasing interest rates in the coming period. As you may remember, the Fed increased interest rates for the first time in about 3 years in September. The institution increased the interest rate by 25 basis points. Markets are currently expecting a 25 basis point interest rate increase for the meeting on December 9. This rate is currently around 78%.

El-Erian: I expect even more increases

Muhammed El-Erian, chief economist of insurance giant Allianz, also spoke to CNBC from the US media and said that he expects the institution to increase interest rates further in 2027. El-Erian said, "Increasing interest rates is not the solution. What is really needed is fiscal discipline, but I think the Fed will raise interest rates even higher in the coming period. This will not be good. The housing and automobile markets will have difficulty."