Fed meeting
The Federal Reserve Board of Governors in Washington DC. Watch the live press conference with Jerome Powell chair of the Federal Reserve 230 pm EThttpswwwfederalreservegovlive-broadcasthtmThe Federal Res.
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The market is largely waiting for the outcome of the Fed meeting said DailyFX currency strategist Ilya Spivak adding the metal was stuck in a narrow range due to two conflicting factors.
. The Fed which will conclude a two-day policy meeting on Wednesday is widely expected to announce that it will speed its tapering of monthly asset purchases in response to persistent inflation. Hike in March. It would reaffirm in many peoples minds that the Fed is behind the curve.
The Federal Reserve will publish minutes from the Federal Open Market Committee meeting held in December when officials decided they would cut back more quickly on the central bank. Fed Chair Powell signaled last week that the meeting would include a discussion about a faster tapering of bond-buying. The term monetary policy refers to the actions undertaken by a central bank such as the Federal Reserve to influence the availability and cost of money and credit to help promote national economic goals.
14-15 meeting released Wednesday showed officials believed that rising inflation and a very tight labor market could call for lifting short-term rates sooner or at a faster pace than participants had earlier anticipated. Minutes of their Dec. The WSJ reports Fed Minutes Point to Possible Rate Increase in March.
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