6:00 PM · 3 May 2023

BREAKING: FOMC hikes rates by 25 basis points

As widely expected, FOMC delivered another 25 basis point rate hike. Fed funds rate was increased from 4.75-5.00% range to 5.00-5.25% - the highest level since June 2006 and the level at which rates peaked back then. 

A line saying that Fed anticipates more policy tightening to attain sufficiently restrictive stance has been removed and that extent to which further tightening is needed will be assessed taking into account previous decisions as well as policy lag. Fed also noted that it considers US banking systems is sound and resilent but tighter credit conditions will likely weight on the economy, hiring and inflation. Balance sheet reduction will continue as planned.

As this was not a quarterly FOMC meeting there were no new economic projections published.

30 October 2026, 3:33 PM

Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?

29 October 2026, 1:19 PM

ECB Holds Rates Unchanged💶 EURUSD down 📉

29 October 2026, 10:13 AM

There is no good scenario for the euro today

29 October 2026, 7:25 AM

Economic Calendar: ECB Decision, PCE Inflation, and Amazon Earnings in the Spotlight 🚨

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits