The much awaited Fed rate decision has been announced. The US central bank, the Fed, increased the interest rate by 0.50 basis points, in line with expectations. Here are the details…
The Fed has announced its interest rate decision!
The US central bank, the FED, has announced the interest rate decision that all markets have been waiting for. The Fed had also increased the interest rate by 0.75 basis points in previous meetings. Now the Fed has increased the interest rate by 0.50 basis points. After the FED’s interest rate decision, Bitcoin and gold were exposed to sudden movements and priced the FED decision. The FED increased the policy rate by 50 basis points to the range of 4.25% – 4.50%. The Fed reiterated its view that continued rate hikes would be appropriate. The median interest rate forecast of the FED for 2023 was 5.1% and for 2024 was 4.1%.
Now all eyes are on the FED Chairman, who will make a statement at 21.30. The speech of the Fed Chairman will determine the direction of the markets. Jerome Powell’s statements will be on everyone’s agenda as they contain signals for the monetary policy of the next period. Stay tuned to watch the FED President’s speech live!
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