USD: Fed Interest Rate Decision

[MongiIG]

Fed Interest Rate Decision

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.

 

USD news event: 

Fed Interest Rate Decision at 18:00 (UK Time) 3rd November 2021.

Previous: 0.25%

Estimate: 0.25%

Actual: TBA at 18:00 (UK Time)

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD. Source from investing.com

 

How will the US Dollar be affected today? Share your thoughts and views.

 

All the best - MongiIG

[MongiIG]

The Federal Reserve on Wednesday unveiled its plan to slow asset purchases implemented during the pandemic beginning this month. In a press conference after the announcement, Fed Chair Jerome Powell emphasized that the end of the bond buying would not mean a rush to raise interest rates. Stocks and bond yields rose after the news.

 

USD news event: 

Fed Interest Rate Decision at 18:00 (UK Time) 3rd November 2021.

Previous: 0.25%

Estimate: 0.25%

Actual: 0.25%

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD. Source from investing.com

 

Share your thoughts and views on the US dollar.

 

All the best - MongiIG