Investors will be keeping an eye on Federal Reserve Chairman Jerome Powell’s statement today for signs of the Fed’s interest rate direction. Before the Fed begins its Blackout Period tomorrow.
Mr. Powell is scheduled to speak at two rounds of talks today to be held in Atlanta, Georgia, with the first round starting at 11:00 a.m. US time or 11:00 p.m. Thai time. The second round of the seminar will begin at 2:00 PM US time. or tonight at 2:00 a.m. Thai time
The Fed will begin its Blackout Period tomorrow. Before the Fed holds its monetary policy meeting (FOMC) on December 12-13.
Fed regulations prohibit Fed officials from giving comments or giving interviews during the Blackout Period regarding monetary policy. It begins on the second Saturday before the FOMC meeting and ends on the Thursday after the FOMC meeting, to prevent the public from interpreting it as an indication of interest rate action by the Fed at the upcoming monetary policy meeting. to
The market predicts that The Fed has ended the cycle of raising interest rates. After the disclosure of the Personal Consumption Expenditure (PCE) price index that slowed from September.
Investors put their weight in forecasting that The Fed will maintain interest rates at its December 2023, January 2024, and March 2024 meetings before cutting interest rates in May 2024 and June 2024.
CME Group’s latest FedWatch Tool indicates that investors are 99.4% positive that the Fed will maintain interest rates at 5.25-5.50% at its December 2023 meeting.
Meanwhile, investors expect the Fed to maintain interest rates at 5.25-5.50% at its January 2024 and March 2024 meetings before cutting interest rates by 0.25% to 5.00-5.25%. May 2024 meeting and reduce interest rates by 0.25% to 4.75-5.00% at the June 2024 meeting.
2023-12-01 11:46:57
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