Heads up to the FOMC statement

Heads up to the FOMC statement

The Federal Open Market Committee will make its statement and announce the official rate on June 19, at 21:00 MT time.

Despite the demands by US President Donald Trump to cut the interest rate, no changes to it are expected. Now, policymakers keep the interest rate at 2.5%. However, we may find out the hints on the possibility of a rate cut later this year. Wednesday’s statement will show how the US-China trade war and recent weaker economic data affect the Fed decisions.

• If the Fed is hawkish, the USD will go up;

• If the Fed is dovish, the USD will go down.

Check the economic calendar

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