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Author Topic: The market is anticipating interest rate decisions  (Read 159 times)

Slocky

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on: January 12, 2024, 05:57:23 AM
The market is anticipating interest rate decisions

Interest rates and their dynamics always play a role in the market and for that, forex trading of any currency around the world. This effect has been amplified in recent months, while the Fed has quickly stepped in to pull down the inflation rate. Over time, Jerome Powell and his team of lawmakers came under increasing scrutiny. As the economy reopens after the pandemic, inflation is considered temporary. This rarely happens.

All eyes were on Powell's announcement today after his two-day policy meeting. The general expectation is that rates will rise by another 75 basis points. Anything beyond this will have a significant impact on the dollar and the market in general. The general state of the economy is under the microscope. Jobs opened in September and the manufacturing PMI reached 50.2 in October.



 

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