empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

25.01.202318:52 Forex Analysis & Reviews: US Fed is holding its first committee meeting for 2023

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 25.01.2023 analysis

The Federal Reserve is holding its first committee meeting of the year next week, during which the members will decide whether the aggressive increase of interest rates will continue or not.

Last week, there were a series of contradictory reports from various officials, such as St. Louis Fed President James, saying that the bank needs to move quickly to its target rate of 5% or higher. Cleveland Fed President Loretta Mester commented a similar idea.

However, the Fed is now expected to slow the pace of rate hikes as some officials, such as Christopher Waller, said he favors a quarter percentage point rate hike at the next FOMC meeting. This is in line with the CME FedWatch tool, which predicts a 99.1% probability that the outcome of next week's FOMC meeting will be a 25 basis point rate hike. It said there is a 0.9% chance that the bank will take a more aggressive stance of raising rates by 50 basis points.

One of the most important reports to be released ahead of the Fed meeting is the US PCE (Personal Consumer Expenditures) index, which hit 4.7% last November and is expected to fall slightly to 4.4% in December.

Irina Yanina
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off