By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan is likely to revise up its economic and inflation forecasts in its next quarterly review, which could pave the way for an interest rate hike in October, the central bank's former board member Seiji Adachi told Reuters. Markets see a roughly 50% chance of a rate hike at the BOJ's next policy meeting on October 29-30, when the board will also release fresh quarterly growth and inflation forecasts. BOJ Governor Kazuo Ueda has stressed t ...

The Federal Reserve's latest "dot plot," which outlines policymakers' interest rate projections, now signals two additional rate cuts in 2025, on top of the quarter-point move announced Wednesday. That path would bring the benchmark rate down to a range of 3.5%-3.75% by year-end. On Wednesday, the Fed lowered its benchmark rate by 0.25 percentage points to a range of 4%-4.25%, marking its first cut of the year. Back in June, officials had penciled in two cuts in total, which would have taken the benchmar ...