Investors' attention is directed to the Fed Interest Rate Decision
Investors' attention is directed to the Fed Interest Rate Decision
On Wednesday, January 29, at 21:00 (GMT+2, terminal time), the US Federal Reserve will hold a monetary policy meeting. At 21:30, the FOMC conference on the meeting results will take place. With a probability of almost 100%, the US Fed is expected to keep the rate at the current level of 4.5% at the current meeting. Market participants expect the FOMC to hold the rate at the January and March meetings, with the next rate cut coming in May. The statement may note that the labor market appears to have stabilized, but it is unlikely to provide clear guidance on the March meeting or the timing of further cuts. Therefore, the investors will focus on the speech of US Federal Reserve Chairman Jerome Powell following the meeting.
However, most likely, Chairman Powell will emphasize that the FOMC does not commit…