Di Federal Reserve’s two-day Federal Open Market Committee meeting wey start on Tuesday, October 27, go end on Wednesday, October 28, with policymakers set to announce interest rate decision. According to CNBCTV18, Fed Chair Kevin Warsh go announce di policy decision at 2pm Eastern Time, and e go face press conference at 2:30pm ET.
Di Fed dey widely expected to keep benchmark interest rate unchanged for 3.75% to 4% range, as officials dey assess persistent inflation and incoming economic data. CNBCTV18 report, citing CME Group data wey Yahoo Finance share, say traders don price in less than 10% chance of rate hike at dis meeting.
Investors go watch Warsh press conference for clues on policy outlook and whether further rate hikes fit come this year. Di meeting calendar and media advisory from Federal Reserve confirm di dates and timings, according to di report.
Before di decision, dollar bin dey strong. TradingView report say dollar posts 1.5-week high on expectations for hawkish FOMC commentary, while Action Forex report say Dollar Index keep firm tone ahead of di FOMC meeting.
StoneX weekly outlook also note say FOMC and European Central Bank go set di tone for EUR/USD. Coingape report ask whether Kevin Warsh go rattle markets with hawkish Fed rate decision, as rising inflation, weak jobs growth and future rate hikes remain focus.
