Fed expected to keep interest rates on hold, all eyes on Powell’s comments

The US Federal Reserve (Fed) will announce monetary policy decisions following the June policy meeting and release the revised Summary of Economic Projections (SEP), the so-called dot plot, on Wednesday.

The Fed eral Reserve is widely expected to hold policy rate unchanged. Fed Chairman Powell’s remarks could provide important clues about the timing of the policy pivot. Markets see a strong chance that the Fed will wait until September to lower the interest rate. The US Fed eral Reserve will announce monetary policy decisions following the June policy meeting and release the revised Summary of Economic Projections , the so-called dot plot, on Wednesday.

On the other hand, the USD is likely to outperform its rivals in case policymakers foresee a single rate cut in 2024. Finally, there could be a strong USD rally if the SEP shows that several some policymakers prefer the policy rate to remain unchanged for the rest of the year. FXStreet analyst Yohay Elam shares a brief preview of possible market reaction to the dot plot.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Centralbanks Interestrate SEO

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Federal inmate held in federal custody escapes Karnes County facilityYonathan Eluid Castaneda-Flores of Honduras, was last seen running away from the Karnes County GEO facility Thursday night towards FM 99.
Read more »

Fed's Bostic: Fed has to be cautious about first rate moveAtlanta Federal Reserve President Raphael Bostic said on Tuesday that the restrictive monetary policy is having an impact on rate-sensitive sectors and delaying investment, per Reuters.
Read more »

Fed's Schmid: Inflation is still too high, Fed has more work to doKansas City Federal Reserve Bank President Jeffrey Schmid spoke at the regional bank's agricultural summit on Tuesday.
Read more »

Twister Trailer Reveals First Look At 4K Re-Release Ahead Of Glen Powell's Sequel [EXCLUSIVE]Twister-Trailer-Reveals-First-Look-At-4K-Re-Release-Ahead-Of-Glen-Powells-Sequel-EXCLUSIVE YT
Read more »

Fed's Williams: Expect inflation at 2.5% this year, closer to 2% next yearFederal Reserve (Fed) Bank of New York President John Williams noted on Thursday that, while inflation is still too high, he belives Fed policy is positioned to slowly get price growth back to the Fed's 2% annual target.
Read more »

UBS sees high uncertainty over how much the Fed will cut rates this cycleUBS sees high uncertainty over how much the Fed will cut rates this cycle
Read more »