IN AN HOUR: News block on the State! FOMC Protocols!
Dear traders,
At 17:00 (Kiyv), the National Association of Realtors of the United States will publish data on home sales in the secondary housing market.
According to the consensus forecast, the number of sales in the secondary housing market will grow by 0.9% to 5.62 million after 5.57 million in December.
And at 21:00 the Fed will publish the minutes of the last meeting of the Committee on Open Markets.
At its meeting on January 31, the US central bank left the interest rate unchanged and predicted an acceleration of inflation this year. This was the last meeting of the Fed under the leadership of Janet Yellen. Forecasts on the growth of inflation gave reason to believe in further increase in the interest rate of the Fed under its new head Jerome Powell.
The next meeting of the Fed is scheduled for March 20-21. Traders consider the probability of raising the interest rate as a result of this meeting of the Fed at 82%.
The recent series of reports on inflation, which turned out to be better than forecasts, increased the chances that this year the Fed will raise the interest rate four times. Previously, three interest rate increases were projected.
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