The Fed will raise the interest rate!
Dear traders,
According to the common opinion, as a result of a two-day meeting of the Federal Open Market Committee, the Fed will raise the US interest rate by a quarter point. The decision of the FOMC committee will be announced at 21:00 (Kyiv), Wednesday. Most likely, the range of the federal funds rate will be raised to 1.25-1.50%.
Leading analysts of the company Ester have repeatedly expressed the opinions regarding the upcoming news. Read in the Expert’s Opinion, in particular:
“What is expected from tomorrow’s meeting of the US Federal Reserve“
“Market in anticipation of the forecasts from the US Federal Reserve“
“Market Focus“
Half an hour after the statement by the US Federal Open Market Committee, Fed Chairman Janet Yellen will hold a press conference. Investors will wait for new information on the pace of further tightening of monetary policy in the coming months.
The US Central Bank will also publish its forecasts on economic growth and interest rates – the so-called dot-plot. Previously, the Fed planned three interest rate increases next year. According to analysts’ forecasts, the Fed will not change its forecasts, although the markets are skeptical about the exact fulfillment of the announced plans.
The Fed meeting this week will be the last meeting under the leadership of Janet Yellen. Her term expires in February, when she will be replaced by the current member of the board of the Fed, Jerome Powell.
Also today, attention is focused on the report of OPEC, data on crude oil reserves, Trump’s speech and news block on the United States as a whole, starting from 15:00, Kyiv!
Stay up-to-date with Ester Holdings Inc.!
We remind you that you can always get acquainted with upcoming news in the Economic Calendar, as well as in the daily market review on our official YouTube channel.
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