The United States Federal Reserve, the central bank of the US, is meeting to decide on the benchmark interest rates for the US economy. This decision can have a big impact on the economy and stock market around the world.
The Fed's decision on interest rates can affect the entire economy. Some officials think the Fed should lower interest rates to help the economy grow, while others think they should stay the same. According to Ryan Sweet, chief US economist at Oxford Economics, the committee is clearly divided.
The recent government shutdown has made it harder for the Fed to make a decision. The shutdown stopped some important government agencies from working, which means the Fed doesn't have all the information it needs to make a decision.
The Fed will announce its decision at 2 p.m. EDT in the US. You can watch the press conference with Fed Chair Jerome Powell on the Federal Reserve's website or on their YouTube channel.
The Fed is likely to consider lowering interest rates again. The current federal funds rate is between 3.75% and 4%. The Fed has already lowered rates twice this year to help the job market.
However, the Fed is still divided, and there are many challenges to consider. The US economy is still growing, but there are signs of a slowdown. The Fed will need to balance the need to help the economy with the risk of inflation.
Investors are waiting to see what the Fed will decide. They can watch the press conference and follow the news to stay up to date. Remember to always consult with an investment advisor before making any investment decisions.
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