Will the Fed surprise the market?
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
Federal Reserve Meeting
| The Federal Reserve is expected to keep monetary policy unchanged in January after raising the federal funds rate in December. |
| The attention of the market will be focused on the central bank’s statement, which is to be released at 21:00 MT time on January 31. If the Fed is positive about the US economy and remains focused on further rate hikes, the USD will gain. If the US central bank becomes cautious, the greenback will suffer. |
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