US Fed Interest Rate Decision

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SUMMARY

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: 

US Fed Interest Rate Decision at 19:00 (UK Time) 15th December 2021.

 

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[MongiIG]

The Federal Reserve concluded its December meeting Wednesday, announcing it will speed up the taper of its asset-purchase program. The Fed also indicated it sees as many as three rate hikes in 2022. Check below for a full recap of the Fed announcement, as well as the highlights from Chairman Jerome Powell’s news conference and insight from market participants. CNBC

 

Fed Chair Jerome Powell holds news conference after rate decision — 12/15/21

 

Federal Reserve Chairman Jerome Powell holds a news conference after Federal Open Market Committee concluded its two-day meeting.

The Federal Reserve is expected to announce a more rapid transition away from its easy policies after its meeting Wednesday, as it sets the stage for the first interest rate hike next year.

The Fed is grappling with the highest inflation level in 39 years and the central bank is widely expected to announce an acceleration of the tapering of its bond-buying program, which was put in place during the pandemic to prop up the economy.