US Fed is holding its first committee meeting for 2023
January 25, 2023 6:20 pmVideo
Latest News
- Technical Analysis – US 500 reverses towards 123.6% Fibonacci April 15, 2024
- Market Comment – Iranian attacks put markets on edge, but fallout limited April 15, 2024
- XM and Human Initiative Spread Hope to Flood Disaster Evacuees in Demak April 15, 2024
- Weekly Technical Outlook: 15/04/2024 – GBPUSD, USDJPY, AUDUSD April 15, 2024
- Forex forecast 04/15/2024: EUR/USD, GBP/USD,USD/CAD, USDX and Bitcoin from Sebastian Seliga April 15, 2024
- Weekly Technical Outlook – GBPUSD, USDJPY, AUDUSD April 15, 2024
- Technical Analysis – Gold in a wait-and-see mode April 15, 2024
- UK inflation report could shift the market’s focus away from geopolitics – Preview April 15, 2024
- Gold Still Expected to Rise on Wall Street and Main Street April 15, 2024
- EUR/USD and GBP/USD: Technical analysis on April 15 April 15, 2024
- Analysis and trading tips for USD/JPY on April 15 April 15, 2024
- Analysis and trading tips for GBP/USD on April 15 April 15, 2024
- Analysis and trading tips for EUR/USD on April 15 April 15, 2024
- Hot forecast for EUR/USD on April 15, 2024 April 15, 2024
- Technical analysis of GBP/USD for April 15-20, 2024 April 15, 2024
- Technical analysis of EUR/USD for April 15-20, 2024 April 15, 2024
- Energy in Focus: What news awaits investors on Wall Street April 15, 2024
- Forecast for EUR/USD on April 15, 2024 April 15, 2024
- Forecast for GBP/USD on April 15, 2024 April 15, 2024
- Forecast for USD/JPY on April 15, 2024 April 15, 2024
The Federal Reserve is holding its first committee meeting of the year next week, during which the members will decide whether the aggressive increase of interest rates will continue or not.
Last week, there were a series of contradictory reports from various officials, such as St. Louis Fed President James, saying that the bank needs to move quickly to its target rate of 5% or higher. Cleveland Fed President Loretta Mester commented a similar idea.
However, the Fed is now expected to slow the pace of rate hikes as some officials, such as Christopher Waller, said he favors a quarter percentage point rate hike at the next FOMC meeting. This is in line with the CME FedWatch tool, which predicts a 99.1% probability that the outcome of next week’s FOMC meeting will be a 25 basis point rate hike. It said there is a 0.9% chance that the bank will take a more aggressive stance of raising rates by 50 basis points.
One of the most important reports to be released ahead of the Fed meeting is the US PCE (Personal Consumer Expenditures) index, which hit 4.7% last November and is expected to fall slightly to 4.4% in December.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: