CREDIT DAYBOOK AMERICAS: Fed Rate Cut Looms, Bond Sales Stall

The US company debt market is focusing on the Federal Reserve on Wednesday as Wall Street readies for a rate cut, with no high-grade bond sales expected.

• Fed officials are set to lower rates by a quarter percentage point. The Federal Open Market Committee won’t release new forecasts, nor rate projections, at this meeting.
  • Bloomberg economist Anna Wong expects the FOMC to announce an end to quantitative tightening, effective in November
• A few companies may look to issue on Thursday
  • Nineteen issuers have priced more than $37 billion over the past two sessions, accounting for over 40% of October’s ...