US Federal Reserve Will Announce New Interest Rate Decision Today
Global markets are eyeing the interest rate decision to be announced by the US Federal Reserve, which is waging a fight against inflation, and market expectations later today.
The US Federal Reserve's (Fed) new interest rate decision within the scope of the fight against inflation will be announced at 21:00 Turkey time and will be followed with great attention in global markets.
Meeting and Announcement Time
The Federal Open Market Committee will complete its two-day intensive meeting process and share its decision with the public at 21:00 Turkey time. Market volatility is expected to accelerate following the decision.
Immediately after the decision statement, Fed Chair Kevin Warsh will appear before the cameras at 21:30 to hold a press conference.
Inflation and Current Data
According to the latest measurements carried out in the US, August inflation was recorded at 3.4 percent, remaining above the bank's 2 percent target.
In the US economy, where the current interest rate stands at 3.63 percent, pricing in money markets and expectations are being closely monitored.