đš Today the financial markets will catch fire.
đ As the markets await the US Federal Reserveâs decision regarding interest rates and monetary policy during the coming period, at 9.00 pm Saudi time, followed by a press conference by Jerome Powell.
đ¶ The focus will be on Powellâs speech at 9:30 pm Saudi time, as there are several questions that we are awaiting answers to in order for the interest path to become clear during the year 2024, including:
- When does the direct interest rate reduction take place?
- The expected number of times the interest will be installed.
- Banking sector situation, unemployment and inflation.
- Will there be an emphasis on supporting the dollar in the future?!
đșđž The expectation rate from American banks is higher with interest rates fixed and the interest rate remaining unchanged at 5.5%.