FOMC announced its latest monetary policy decision today at 7:00 pm GMT and it turned out to be in-line with market expectations. The US central bank hiked Fed funds rate by 50 basis points, from 3.75-4.00% to 4.25-4.50% range. Median rate forecast for 2023 came in at 5.1%, up from 4.6% in September's projection. Median for 2024 was announced at 4.1%.
Economic Calendar: All eyes on Kevin Warsh! Will Fed Chair protect his credibility?
Economic Calendar - Waiting for Jackson Hole and ECB meeting minutes
BREAKING: US Q2 GDP Deflator Revised Up to 6.4% as July Real Consumer Spending Stagnates
Economic calendar 🗽 Wall Street holds its breath: US PCE data and Nvidia earnings in focus