FOMC

The FOMC meeting is today. Follow along for live updates leading up to the interest rate decision and Fed Chairman Jerome Powell's news conference.

] [The Fed's next meeting is from March 21 to 22.] [Fed 2023 meeting schedule ] [Here are the] [ remaining meetings ](https://www.usatoday.com/story/money/2022/12/13/federal-reserve-2023-meeting-schedule/10887436002/)for the year: ] [To see how the Fed's rate hikes have impacted other areas of the economy like home sales, the stock market and more be sure to read Jim Sergent's ] [piece](https://www.usatoday.com/in-depth/graphics/2023/01/31/fed-rate-hikes-jobs-housing-stock-market/11105988002/). [Super Bowl favorites like guacamole, chicken wings will cost less this year](https://www.usatoday.com/story/money/2023/01/30/super-bowl-food-inflation/11129278002/) [How Fed rate hikes impact credit card rates] [The interest rates banks charge on their credit cards are tied to the prime rate, which is tightly linked to the Fed funds rate. ] [The] [ latest CPI report](https://www.usatoday.com/story/money/2023/01/12/cpi-report-data-release-gas-prices-inflation-december-2022/11034854002/) found prices for goods and services were 6.5% higher than a year ago. [They're on the rise as homebuyers cope with high interest rates](https://www.usatoday.com/story/money/personalfinance/real-estate/2023/01/22/mortgage-rate-buydown-lower-interest-rates/11077611002/) [Fed already has January jobs report data ] [The first jobs report of the year is due on Friday. However, they've come down from a November peak of over 7%, the highest level since 2002.] [The fall in mortgage rates is ] [spurring demand from homebuyers](https://www.usatoday.com/story/money/personalfinance/real-estate/2023/01/18/mortgage-interest-rate-dip-real-estate/11076367002/), USA TODAY's Bailey Schulz reported citing recent data from the Mortgage Bankers Association. [See how much fed interest rates have affected how much you pay](https://www.usatoday.com/story/graphics/2023/02/01/interest-rates-mortgage-rates-auto-loans-increased/11153068002/) [Fed rate hike announcement time] [The Fed's decision on interest rates comes out at 2 p.m. Four of the seven hikes were in 75 basis-point hikes, two were 50 basis-point hikes and one was a 25 basis-point hike.] [Bitcoin price ] [Bitcoin is down slightly this morning. Another seat is filled by the President of the New York Fed and the remaining four seats are a rotating group of presidents from the 11 other regional Fed banks. The FOMC is a group of 12 people who vote on interest rate decisions.] The central bank is expected to raise its short-term interest rate by a quarter percentage point, a slowing of last year's aggressive pace of hikes. Over the course of 2022, the Fed passed four 75-basis-point rate hikes.

Lindsey M. Piegza, Stifel: "While recession risks remain, particularly as the consumer continues to lose momentum, for the Fed, emerging weakness should not ...

Although the FOMC might be inclined to adjust this language as it approaches a pause, doing so at this meeting has little upside and risks widening the gap between the market and the Fed, while also leading to an undesirable easing of financial conditions.”\n\nJoseph Brusuelas, RSM US LLP: “While we think it’s premature to engage in a strategic pause to restore price stability it is likely that it will soon be the case…Given the Fed’s likely deceleration in its rate hike campaign we think the first opportunity to put in place such a pause will be following the April meeting which implies a 25-basis point hike in March and then in April.” \n\nIan Shepherdson, Pantheon Macroeconomics: “A wholesale retreat from the Fed’s hawkishness is unlikely; that will have to wait until the March meeting, by which time the Fed will have seen two more rounds of the key growth and inflation data.”\n\nMatthew Luzzetti, Deutsche Bank: “The statement is likely to keep the reference to "ongoing" rate hikes. Remember, the Fed is intentionally trying to slow the economy."

US fed rate hike latest update: The stage is set for the first Federal Open Market Committee (FOMC) meeting slated to be held on January 31-February 1, ...

The Fed won’t cut interest rates until and unless inflation in the US gets under control. The US Fed earlier resorted to a modest interest rate hike of 50 basis point increase in December after 4 consecutive interest rate hikes of 75 basis points. US fed rate hike latest update: The stage is set for the first Federal Open Market Committee (FOMC) meeting slated to be held on January 31-February 1, 2023.

The market has been quick to dismiss the Fed's hawkishness and price in a lower terminal interest rate in recent meetings...

Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Spot Gold and Silver contracts are not subject to regulation under the U.S. Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. All opinions and information contained in this report are subject to change without notice. Interestingly, and despite more signs emerging that the US is potentially heading into a recession, small-cap and domestically focused stocks rallied to send the Russell index above a key resistance zone. If that’s the case, we may see follow-up technical buying towards the August 2022 high at around 2032 in the days to come. Fed Chair Jerome Powell is likely to keep further hikes on the table and lean against bets they will cut later this year, something which may get interpreted as being hawkish. Yesterday saw the major US indices recover strongly after being lower on the session. US index futures have held onto the gains made yesterday with the dollar remaining undermined against the euro, pound and yen. If this is the case, it would mark another downward step after the 50 basis points in December, following four 75 basis-point hikes earlier last year.

"There are really only two ways for the FOMC to trigger a clear hawkish reaction by the financial markets – either by hiking by 50bps and suggesting more is ...

[Get it here](https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD). [check out eFX Plus](https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD). "The first option is just too aggressive and is very unlikely given the flow of data since the December meeting.

FOMC, Dollar, S&P 500, ECB and BOE Rate Decision Talking Points: · The Federal Reserve hiked its benchmark rate 25bps to a range of 4.50 – 4.75 percent · The US ...

Fed Fund futures are pricing in a 4.90 percent rate through the June contract, which is a premium to the three largest counterparts: ECB (3.17), the BOE (4.39) and of course the BOJ (0.11). If the tighter conditions lead to a recession, the second round effect on investor confidence should not be missed as a by-product of monetary policy. Taking a bigger picture look at monetary policy rates across the globe, it is important to remember where the Fed sits in the global spectrum. However, that decline was sharply reversed without hitting any critical technical levels as investors looking for greater clarification on the path forward.Ultimately, through both hawkish and dovish remarks from the head of the Federal Reserve, the equity market drew upon the more supportive remarks pushing the S&P 500 to its highest levels since September above 4,100. The increase was a further step down in pace from the 50 bp increase in December and the 75 bp hike in November – following a stretch of four consecutive such heavy hikes. [Federal Open Market Committee](https://www.dailyfx.com/fomc) (FOMC) announced a 25 basis point increase in its benchmark rate range to 4.50 – 4.75 percent.

PNC expects the U.S. economy to enter into recession over the next few months, which would deter the FOMC from raising the fed funds rate beyond the committee's ...

Updates on FOMC Rate Decision Today, Chair Jerome Powell's News Conference · Fed hikes rate by 25 basis points, signals more coming · Powell says policy to stay ...

- The S&P 500 jumped more than 1% after Powell said the “disinflation process has started.” Treasuries also rallied and the dollar slumped as traders absorbed Powell’s remarks. Powell in his press conference all but ratified that as the current plan, saying it would take a “couple more” hikes to get to an appropriately restrictive policy. - The FOMC raised the benchmark rate by 25 basis points, as expected, to a target range of 4.5%-4.75%.

Today's Fed meeting was always going to be more about what Jerome Powell and Company were saying rather than about what they were doing…

Gold is rallying 12 points on the day to $1958 and the broad US indices are in rally mode, highlighted by a 1.5% gain in the Nasdaq 100. Meanwhile, his repeated focus on “core services ex-housing” provides a clear inflation metric for traders to watch to evaluate whether what the central bank will do in the coming months. The US dollar is falling by a 50-100 pips against all of its major rivals. Separately, the statement also noted that inflation has “eased somewhat” but still remains elevated, reflecting the committee’s view that there is still more work to be done to ensure price pressures have fully faded. - WE WILL REQUIRE SIGNIFICANTLY MORE EVIDENCE TO BE CONFIDENT THAT INFLATION IS ON A DOWNWARD TREND. As Bloomberg Fed reporter Steve Matthews noted, “you can’t have one ‘increases.’”