The Federal Reserve will conclude the September FOMC meeting with a new policy statement and an interest rate decision, as apparently, the FedWatch CME tool sees a 99% chance that the central bank will leave rates unchanged. Investors will also gain insight into the internal thinking of Fed members.
In addition to Powell’s press conference, there will be a forecast in the ‘Summary of Economic Projections’, which, since January 2012, provided investors and analysts with a long-term economic forecast for the current year and the next two years. This dot plot reflects the opinions of each of the 18 voting officials.
Although the Fed announced a pause in interest rate hikes last June, quarterly economic forecasts accompanying this decision showed that 12 out of 18 members believe the need to raise rates by another quarter-point by the end of this year.
Markets halted movement in anticipation of the news, with dollar showing some weakness ahead of the meeting’s decision.
The material has been provided by InstaForex Company – www.instaforex.com
The Federal Reserve will conclude the September FOMC meeting with a new policy statement and an interest rate decision, as apparently, the FedWatch CME tool sees a 99% chance that the central bank will leave rates unchanged. Investors will also gain insight into the internal thinking of Fed members.
In addition to Powell’s press conference, there will be a forecast in the ‘Summary of Economic Projections’, which, since January 2012, provided investors and analysts with a long-term economic forecast for the current year and the next two years. This dot plot reflects the opinions of each of the 18 voting officials.
Although the Fed announced a pause in interest rate hikes last June, quarterly economic forecasts accompanying this decision showed that 12 out of 18 members believe the need to raise rates by another quarter-point by the end of this year.
Markets halted movement in anticipation of the news, with dollar showing some weakness ahead of the meeting’s decision.
The material has been provided by InstaForex Company – www.instaforex.com
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