๐Ÿ”ฅ HUGE ANNOUNCEMENT: The US ๐Ÿ‡บ๐Ÿ‡ธ FED Will Announce Its Interest Rate Decision on August 1st! ๐Ÿ“ˆ

๐Ÿšจ Key Points:

FED Interest Rate Decision:

๐Ÿ“… Date: August 1, 2024๐Ÿ•’ Time: 2:00 PM ET

Current Market Expectations:

CME Group data shows a 96% probability that the FED will keep the interest rate unchanged.

There's an 85.8% probability of a 25bps rate cut on September 18, 2024.

FED Schedule for This Week:

Wednesday, August 1:

2:00 PM ET: FED Interest Rate Decision

2:00 PM ET: FED FOMC Statement

2:00 PM ET: FED FOMC Economic Projections

2:30 PM ET: FED Chair Powell Speaks