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No one expects the Fed in its August FOMC to announce a rate increase.
This event is scheduled today at 18 GMT hours in next 3 hours.
Fed chairman, Jerome H. Powell - is also the the leader of the Federal Open Market Committee.
He has been under attack from President Trump over the Fed’s interest rate increases.
But the central bank is widely expected to set the stage for tightening credit again in September for a third time this year and then likely raise rates once again by December.
This year’s rate increases follow three hikes in 2017 and one each in 2015 and 2016.
August FOMC comes without a press conference or updated projections, leaving the FOMC statement as the only medium of communication.
Fed’s rate increases reflect the US economy’s resilience and are intended to prevent growth from overheating or inflation from accelerating too high. But higher rates make borrowing costlier for consumers and businesses and can weigh down stock prices. Trump has made clear he has little patience for the Fed’s efforts to restrain the economy to control inflation.
Pair to impacted the most: USDJPY/EURUSD/GBPUSD
USDJPY chart on 4H TF -
Cheers !!
No one expects the Fed in its August FOMC to announce a rate increase.
This event is scheduled today at 18 GMT hours in next 3 hours.
Fed chairman, Jerome H. Powell - is also the the leader of the Federal Open Market Committee.
He has been under attack from President Trump over the Fed’s interest rate increases.
But the central bank is widely expected to set the stage for tightening credit again in September for a third time this year and then likely raise rates once again by December.
This year’s rate increases follow three hikes in 2017 and one each in 2015 and 2016.
August FOMC comes without a press conference or updated projections, leaving the FOMC statement as the only medium of communication.
Fed’s rate increases reflect the US economy’s resilience and are intended to prevent growth from overheating or inflation from accelerating too high. But higher rates make borrowing costlier for consumers and businesses and can weigh down stock prices. Trump has made clear he has little patience for the Fed’s efforts to restrain the economy to control inflation.
Pair to impacted the most: USDJPY/EURUSD/GBPUSD
USDJPY chart on 4H TF -
Cheers !!
