Again? Will the Fed Increase the Rate?

Again? Will the Fed Increase the Rate?

What will happen?

The Federal Open Market Committee (FOMC) will update the Federal Funds Rate and make a statement about future monetary policy on July 27 at 21:00 MT. This is how the US manages its economy.

Possible USD moves

The Fed members have hinted that due to the massive inflation, they will raise the rate by 75 basis points again. However, there’re still plenty of rumors that the Fed’s steps could be more hawkish with a 100-point rate increase. 

The previous FOMC meeting’s result didn’t bring positive news, as the probability of a recession increased. Traders weren’t that happy with the result. For example, the USDCAD lost 1210 points in the first hour. If you caught the moment and traded one lot, your potential profit could have been $1210.

Picture2.png

How to trade on USD FOMC Federal Fund Rate release?

  • If the announcement is better than expected, the US dollar will rise.
  • Otherwise, the US dollar will fall.
  • Be ready for volatility during the release. Much will depend on how the market perceives the potential consequences of the change in rate.

Check the Economic Calendar.

Instruments to trade: EURUSD, USDCAD, USDCHF, USDJPY.

Trade Now

Similar

Latest news

USD Moves Weird Ahead of CPI
USD Moves Weird Ahead of CPI

The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.

The NFP Release: One More Punch for USD?
The NFP Release: One More Punch for USD?

The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.

The UK Speeds Up Tightening
The UK Speeds Up Tightening

The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera