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Jerome Powell LIVE: Federal Reserve Bank Interest Rate Decision | FOMC Meeting | US Market | N18G
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Jerome Powell LIVE: Federal Reserve Bank Interest Rate Decision | FOMC Meeting | US Market | CNBC TV18
Federal Reserve policy statement and projections after the Federal Reserve wraps up its two-day policy meeting Wednesday followed by Chair of the Federal Reserve of the United States Jerome Powell press conference.
The Federal Open Market Committee (FOMC) of the United States Federal Reserve is meeting for two days, July 30-31. Fed Chairman Powell will make the final monetary policy announcement on Wednesday, July 31, at 2:00 p.m. ET, followed by a news conference. Global markets are carefully watching two developments from the July FOMC meeting: whether the US Federal Reserve will maintain the status quo or cut interest rates, and if Fed Chair Powell will remain hawkish or flip to a more dovish tone.
Markets expect the Fed to keep its ‘fed funds rate’ target range of 5.25%-5.50%, given inflation does not appear to be under control yet. However, markets anticipate probable rate cuts beginning in September.
#JeromePowell #FederalReserveBank #FOMC #USMarkets #LiveNews #CNBCTV18
Federal Reserve policy statement and projections after the Federal Reserve wraps up its two-day policy meeting Wednesday followed by Chair of the Federal Reserve of the United States Jerome Powell press conference.
The Federal Open Market Committee (FOMC) of the United States Federal Reserve is meeting for two days, July 30-31. Fed Chairman Powell will make the final monetary policy announcement on Wednesday, July 31, at 2:00 p.m. ET, followed by a news conference. Global markets are carefully watching two developments from the July FOMC meeting: whether the US Federal Reserve will maintain the status quo or cut interest rates, and if Fed Chair Powell will remain hawkish or flip to a more dovish tone.
Markets expect the Fed to keep its ‘fed funds rate’ target range of 5.25%-5.50%, given inflation does not appear to be under control yet. However, markets anticipate probable rate cuts beginning in September.
#JeromePowell #FederalReserveBank #FOMC #USMarkets #LiveNews #CNBCTV18
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