FOCUS OF THE DAY: The US interest rate decision!
Dear traders,
The Federal Reserve is not expected to take action on interest rates at the conclusion of its two-day policy meeting, which will end at 21:00 Kiev time today, keeping it in a range between 2.0%-2.25%.
The central bank will release its accompanying rate statement, at the same time, which investors will scrutinize for any hints on how the Fed views inflation and the economy.
Investors are worried that rising wages and increasing inflationary pressures will push the Fed to raise rates at a faster pace than expected.
The Labor Department’s closely watched monthly employment report on Friday underlined solid U.S. growth and a tight labor market, with 250,000 jobs added in October and wages recording their best annual gain in almost a decade. The unemployment rate held steady at a 49-year low of 3.7%. (Investing.com)
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