Read more
6:02 PM · 31 July 2024

BREAKING: FOMC leaves rates unchanged

EUR/USD
Forex
-
-

Fed's Federal Open Market Committee (FOMC) announced its latest monetary policy decision today at 7:00 pm BST. As was widely expected, interest rates were left unchanged, with Fed Funds rate staying 5.25-5.50% range. Statement noted that in recent months there has been 'some' further progress to 2% inflation goal, while June's statement said there was 'modest' progress. Fed also said that it is attentive to risk on both sides of dual mandate, while June statment said that it is highly attentive to inflation risks, signalling that it now also pays bigger attention to jobs market.

As such a decision was widely expected and there were no major changes to the statement, market reaction to the announcement was limited. Market moves show a slightly hawkish reaction - USD gained slightly, while US indices and gold moved lower. However, scale of the moves was small.

Attention now turns to Fed Chair Powell's press conference, which is scheduled to begin at 7:30 pm BST. Traders will look for hints whether September rate cut is a done deal as money markets suggest or not.

USD gained slightly after FOMC decision, with EURUSD moving around 0.1% lower. Source: xStation5

5 December 2025, 6:56 PM

Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide

5 December 2025, 3:01 PM

BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher

5 December 2025, 1:32 PM

BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉

5 December 2025, 11:42 AM

DE40: Adequate data, Mild growth

Join over 2 000 000 XTB Group Clients from around the world

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