FOMC & FED INTEREST RATE DECISION | 2023 (LIVE REACTION)

February 1st, 2023, the Federal Reserve's Federal Open Market Committee (FOMC) announced its decision on interest rates after a two-day meeting. The FOMC voted to raise the target range for the federal funds rate by 25 basis points to 2.75-3.00%, which was in line with market expectations.

The FOMC statement indicated that the labor market continued to strengthen, and economic activity had been expanding at a moderate pace. Inflation had picked up, mainly due to transitory factors such as supply chain disruptions and energy prices. The Fed stated that it would continue to assess incoming economic data to determine the appropriate path of monetary policy.

The announcement was initially met with mixed reactions from the markets, with some investors concerned about the potential impact of higher interest rates on economic growth and corporate profits. However, as the statement emphasized the Fed's commitment to data-driven decision-making and a gradual approach to policy normalization, markets eventually stabilized.

Overall, the FOMC's decision to raise interest rates signaled confidence in the strength of the economy and the continued recovery from the pandemic-induced recession. Traders and investors reacted to the news by adjusting their positions in various asset classes, including stocks, bonds, and currencies.

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Not Financial advice.

[GingerGrutzius]

Our economy is failing while China's monetary is growing. So it's time to buy gold and silver. Russia and China aren't even accepting our currency anymore as of recently. We have never experienced debt of this magnitude in our history combined!