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Author Topic: Market watches before interest rate decision  (Read 33 times)

Isidsao44W

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on: November 05, 2023, 10:06:18 AM
Interest rates and their dynamics have always played a role in the markets and for that matter, Forex Trading Any Currency Around the World. This influence has been greatly amplified in recent months, while the Fed Engaged in a rampage to drag down inflationary pressures at the time, Jerome Powell and his team of policymakers came under increased scrutiny. Almost since the economy began operating again after the pandemic, inflation has been considered temporary. This rarely happens.

All eyes were on today's announcement by Powell following their two-day policy meeting. The widespread expectation is that rates will rise another 75 basis points. Anything beyond this will have a significant impact on both the dollar and markets in general. The general state of the economy is still under the microscope. Job openings opened in September and the manufacturing PMI rose to 50.2 in October.



 

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